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U.S. keeps India waiting on Iran sanctions waiver

Posted by Admin on May 7, 2012

http://in.news.yahoo.com/clinton-hopes-india-even-more-cut-iran-oil-051703966–finance.html

By Andrew Quinn | Reuters – 2 hours 48 minutes ago

KOLKATA (Reuters) – U.S. Secretary of State Hillary Clinton leaned harder on India on Monday to deepen cuts of Iranian oil imports, saying Washington may not make a decision on whether to exempt New Delhi from financial sanctions for another two months.

Clinton, on a three-day visit to India, said the United States was encouraged by the steps its ally had taken so far to reduce its reliance on Iranian oil but that “even more” action was needed.

The oil issue has become an irritant in ties between India and the United States. India is unwilling to be seen to be bowing to U.S. pressure and is reluctant to become too reliant on Saudi Arabia for its oil needs, which officials say privately would be strategically unwise.

The sanctions threaten to shut out Iranian oil importers from the U.S. financial system unless they make significant and continuing cuts to their crude purchases by an end-June deadline.

India is Iran‘s second-biggest crude customer, so it is crucial to the U.S. strategy of choking off the Iranian economy to force Tehran’s leaders to curb their nuclear programme.

(For slideshow: Hillary Clinton in India, click http://reut.rs/IQVrji)

“We do not believe Iran will peacefully resolve this unless the pressure continues. We need India to be part of the international effort,” Clinton told a townhall-style meeting in Kolkata.

Publicly, India has rejected Western sanctions but privately it has pushed local refiners to start cutting imports. India’s refiners signed new yearly contracts with Iran running from April 1 and Reuters calculations suggest imports could plunge about 25 percent in 2012/2013.

Finance Minister Pranab Mukherjee said in April that India had already substantially cut Iranian oil imports. But Clinton’s comments on Monday suggested that Washington expected more action before it would grant the sanctions waiver.

The United States in March granted exemptions to Japan and 10 European Union nations. India and China, Iran’s biggest crude importer, remain at risk.

Clinton held up Japan as an example, saying it had cut imports despite having suffered a devastating earthquake and tsunami that crippled its Fukushima nuclear reactor. Japan’s cuts of between 15 and 22 percent were enough to get a waiver.

Washington has not stated specifically what cuts it expects from each country, only that they must be substantial.

“We think India, as a country that understands the importance of trying to use diplomacy to try to resolve these difficult threats, is certainly working toward lowering their purchase of Iranian oil,” Clinton said.

“We commend the steps that they have taken thus far. We hope they will do even more,” said Clinton, who was due to meet Prime Minister Manmohan Singh in Delhi later on Monday.

ADEQUATE MARKET SUPPLY

Clinton noted that Saudi Arabia, Iraq and other oil-producing nations were supplying more crude to the markets to offset any loss of supply from Iran.

“If there were not the ability for India to go into the market and meet its needs we would understand that. But we believe there is adequate supply and that there are ways for India to continue to meet their energy requirements,” she said.

She added that the United States would make a decision on whether to exempt India from the U.S. sanctions on Iran in “about two months from now”.

An Indian official privy to the Indian talks with Iran and the United States had earlier expressed hope that Clinton might announce a waiver during her visit. The official said the government had done enough to secure the exemption.

A senior U.S. official said on Sunday that Carlos Pascual, the U.S. special envoy who has been negotiating with Iranian oil importers to cut their imports, would visit India in mid-May to discuss the issue.

Clinton said at the town-hall event that Iran posed a grave threat to the region and that Indians should not view it as a “far-off threat”. Iran had dispatched “terrorist agents” to target Israelis and others in India, she said.

Clinton’s trip coincides with a visit by a large Iranian trade delegation, which is in Delhi to discuss how the two countries can trade via a rupee mechanism set up to skirt sanctions. U.S. officials played down the importance of the Iranian visit.

Trade disputes and frequent U.S. complaints that it is difficult for American companies to do business in India have also strained ties. Ambiguously worded Indian proposals to crack down on tax evasion and tax indirect investments have also alarmed Washington and sown confusion among foreign investors.

Finance Minister Mukherjee announced in parliament on Monday that he would delay by one year, until fiscal 2013/2014, the introduction of the tax evasion measures.

In her meeting with Singh, Clinton was expected to push for the government to open up India’s retail sector to foreign supermarkets such as Walmart – a major economic reform that has stalled and become emblematic of the policy paralysis gripping Singh’s government.

Clinton held talks earlier with Mamata Banerjee, the firebrand chief minister of West Bengal and Singh’s key ally in government, who has blocked the retail reform. Clinton said before meeting Banerjee that she planned to raise the issue but the chief minister said afterwards that it was not discussed.

(Writing by Ross Colvin, additional reporting by Matthias Williams in New Delhi; Editing by John Chalmers and Jeremy Laurence)

 

Posted in Economic Upheavals, Geo-Politics, War Quotient | Tagged: , , , , , , , , | Comments Off on U.S. keeps India waiting on Iran sanctions waiver

Clinton pitches for FDI in multibrand retail

Posted by Admin on May 7, 2012

http://in.finance.yahoo.com/news/clinton-pitches-fdi-multibrand-retail-090131043.html

Note from Admin : – As usual one of the biggest most insidiously jobful bitches of the West is as usual again at it, doing what she does best, fulfilling the geo-political strategical wishes of her servant manor masters of the 13 messed up royalty banking bloodlines by coming over to the east, to my country and poking her disgusting dirty little nose into the local politics of local states in my nation.

How the hell is it even allowed to happen by all who notice this. Why the hell would a Secretary of State of the most gluttonous country in the world come over to talk politics with local chief ministers of my country. We are sovereign and independent and we don’t need any form of outside interference and/or assistance with how we should run our nation. Please F**K OFF!!

Bringing in the NCTC Act and FDI Retail Investments from the likes of Wal-Mart and others will wreck the SMBs and Cottage/Rural industries in my nation. They get mowed down by your wicked and greedy MNCs.

One of the prime opposers to this move is the Bengal Chief Minister and top political leader Mamata Bannerjee and so she is right now being coaxed to do the unthinkable and actually listen to the wonderful advice given my Ms. Hillary Rodham Clinton.

Great news for the NWO as it rumbles on in full gear forward. Either that peaks in 4 years from now or I am leaving this planet for so many other reasons.

Kolkata, May 7 (IANS) Making a strong pitch for further opening up of the Indian economy, especially with regard to foreign direct investment (FDI) in multibrand retail, US Secretary of State Hillary Clinton Monday said it would raise the standard of living in India.

“I come with certainly a belief that India can compete with anybody, anywhere. And the more open India becomes over time, the greater is the rise in the standard of living and (the more) the opportunity for the broader number of people,” Clinton said during an interaction at the La Martiniere school for girls here.

“But I also understand politics. And I understand how lots of these decisions are difficult,” she said.

Referring to the US desire to try to open the (Indian) market to multibrand retail, she said the primary reason for this was the “enormous amount of experience that has been brought to India by supply chain management in developing relationships with producers” so that their produce was easily and abundantly available and of larger quantity.

In this connection, she mentioned the factory of Fritolay India, the snack food division of Pepsico, in West Bengal, and said: “There are a lot of benefits that may not be immediately perceived.”

With her visit taking place in the backdrop of speculation that she would raise the India-Bangladesh Teesta treaty with Chief Minister Mamata Banerjee, Clinton said: “Water is an issue about the world that will be increasingly contentious.”

“We have to do a better job of trying to find a win-win solution for everybody because the alternative will be perhaps worst than conflict, leading up to dislocation, destabilisation, refugee flows, famine and other kinds of problems that we are seeing in places like north Africa.”

“We have to work together in the international community,” she said.

Clinton clarified that the US does not have any interest on how water issues are resolved. “But we know from working on our own projections what will be the hard issues in future unless water issues are properly dealt with,” she added.

Besides FDI, she also said the US wants “greater debate” on civil nuclear cooperation.

“We want to have far greater debate and dialogue on FDI and civil nuclear cooperation. US was in conversation with Indian government on those issues for a long time,” she said.

Replying to a question on the Indian Civil Liability for Nuclear Damage Act passed by parliament last August, Clinton said: “We have made it clear to the government that under the legislation that was passed, it would be difficult for US companies to participate.”

“We’re still discussing this and hoping there’s a way to work it out,” she said.

The US has objected to some provisions of the Indian nuclear liability bill which allows citizens to file tort claims for damages and the nuclear plant operator’s right of recourse against nuclear suppliers.

Posted in Conspiracy Archives, Economic Upheavals, Geo-Politics, India Forgotten, Pollution, Press Releases | Tagged: , , , , , , , | Comments Off on Clinton pitches for FDI in multibrand retail

20,000 Extra Resignations March 15, 2012

Posted by Admin on March 28, 2012

http://www.galacticfriends.com/updates/truth-and-growth-education/5932-20000-extra-resignations-march-15-2012.html

20,000 Extra Resignations March 15, 2012

Global Arrests video 3 minutes 19 seconds

http://www.youtube.com/watch?v=6eKhTUU35X4&sns=fb

20,000+ extra resignations that no one is reporting

Over 20,000 resignations/house arrests are visible using data from the SEC Securities and Exchange Commission.

The Securities Exchange Act of 1934 requires that publicly traded companies must report to the SEC whenever a member of the Board or certain officers resign.

Also, the SEC has a database named EDGAR that is open to the public. After a little research, what was discovered is that corporations must report said resignations on Form 8-K, Item 5.02. From there, it was a simple matter of searching only Form 8-Ks within a specific range of dates, and including the boolean search terms “Resigns” and “Resignation”.

From the start of 2008 to the second quarter of 2011 the resignations remained steady @ about 2000 per quarter.

Suddenly in the 3rd quarter of 2011 they increased by 50% to 3000 for that quarter. (That’s an extra 1000). Then in the  4th quarter they jumped to 7000. (That’s an additional extra 5000 resignations).

Now without the full quarter results for the first quarter of 2012 they are up to 16,000. (That’s an extra 14,000 resignations & increasing fast).

That’s a total of 20,000+ extra resignations that no one is reporting in newspapers & nothing of course in the major media!

These are people who were in sting situations but didn’t know it when their opportunistic thefts of funds became a trap providing evidence of their wrong doing.  Reports of their resignations usually involve house arrest in many cases including inability to leave the country.  Full exposure of their crimes will follow in due course.  This involves financial houses and banks worldwide.

Posted by John MacHaffie at 5:42 AM

650 RESIGNATIONS & Arrests FROM WORLD BANKS, Mar 9/12

INVESTMENT HOUSES, MONEY FUNDS

650 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
I don’t mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.
Abreviations used:
CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Investment Officer
COO = Chief Operating Officer
INC = Incorporated (can be private held or publically traded shares)
PLC = Public Limited Company (publicly traded shares can be listed or unlisted on stock market)
LTD = Limited Company (privately held)
LLC = American version of LTD, but can have a shareholder/member that is an INC, often hybrids of both
AG = German version of PLC
AB = Swedish version of PLC
SA = Society Anonymous in various latin languages – same as PLC
NV = Dutch version of PLC
BV = Dutch version of LTD
LP = Limited Partners (partnership with limited liability)

Click here to scroll to latest additions to list, then scroll up.

  1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
    http://goo.gl/NdW7q
  2. 9/06/11 (BELGIUM) Dexia confirmed that its CEO Stefaan Decraene had left the company. Its exposures to sovereign debt in the PIIGS nations are larger than its core Tier 1 capital.
    http://goo.gl/vuhvd
  3. 9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
    http://goo.gl/t83S4
  4. 9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
    http://goo.gl/mCTgi
  5. 9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
    http://goo.gl/UjUZY
  6. 9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
    http://goo.gl/8yU5N
  7. 9/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.
    http://goo.gl/Dx8qs
  8. 9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
    http://goo.gl/Qx0Va
  9. 9/25/11 (SWITZERLAND) UBS  CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
    http://goo.gl/WCeqB
  10. 9/25/11 (USA CA) Douglas E. Tow, Executive Vice President and Chief Credit Officer, will retire from the Company http://goo.gl/24aAU
  11. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
    http://goo.gl/7dNiD
  12. 9/29/11 (JAPAN) BLIFE Investment Corporation, Asset Manager Director Masaomi Yamadaira resigned.
    http://goo.gl/Vsmk3
  13. 9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimer resigned.
    http://goo.gl/o63jO
  14. 10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
    http://goo.gl/yh2bF
  15. 10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
    http://goo.gl/Vc252
  16. 10/03/11 (USA FL) Quantek Opportunity Fund, portfolio manager Javier Guerra. Arbitration awarded $1 million damages to Aris Multi-Strategy Fund. Quantek Asset Management made false statements to Aris.
    http://goo.gl/udpBA
  17. 10/05/11 (UK) UBS co-chief François Gouws of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
    http://goo.gl/OuUjr
  18. 10/05/11 (UK) UBS co-chief Yassine Bouhara of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
    http://goo.gl/OuUjr
  19. 10/10/11 (BELGIUM) Dexia (Franco-Belgian bank) its chairman Jean-Luc Dehaene will give up his role on the board of Dexia’s Belgian division, which is being sold to the Belgian state as part of a rescue deal, the group said on Monday.
    http://goo.gl/vyldE
  20. 10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
    http://goo.gl/ip8Un
  21. 10/14/11 (USA TX) Deutsche Bank Investment Advisor Griffin Perry resigns, SEC regulations prevented him from campaigning for his father Rick Perry’s Presidential campaign.
    http://goo.gl/R0PgH
  22. 10/23/11 (USA) Fairholme Capital Management LLC, Director Charles Fernandez stepped down for personal reasons. Fairholme Fund has lost 26 percent of its net asset value due to bets that have backfired on AIG Inc, Bank of America Corp and Florida-based landowner and developer St Joe Co.
    http://goo.gl/vzTbY
  23. 10/24/11 (ICELAND) Icelandic State Financial Investments board members of Icelandic State Financial Investments have resigned following “outside interference” with their Sept. 30 decision to hire Pall Magnusson, the former political adviser to the island’s industry minister, as chief executive officer. [names and positions have been requested from the reporter on 3/9/12]
    http://goo.gl/lEpz2
  24. 10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
    http://goo.gl/l90be
  25. 10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
    http://goo.gl/CXL7Z
  26. 10/26/11 (INDIA) Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
    http://goo.gl/CXL7Z
  27. 10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
    http://goo.gl/i1s3E
  28. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
    http://goo.gl/fdd9v
  29. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
    http://goo.gl/yWX9R
  30. 10/31/11 (BELGIUM) European Central Bank President Jean-Claude Trichet, resigns.
    http://goo.gl/ygG59
  31. 11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
    http://goo.gl/HD8BQ
  32. 11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 – DEFACTO RESIGNATION)
    http://goo.gl/3L9gE
  33. 11/03/11 (POLAND) Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President of the Management Board of Nordea Bank Poland as of the 10th of November.
    http://goo.gl/oKUVZ
  34. 11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
    http://goo.gl/tUaVY
  35. 11/11/11 (HONG KONG) Goldman Sachs’ Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
    http://goo.gl/pejs3
  36. 11/10/12 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
    http://goo.gl/3aTh2
  37. 11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing, Alex Denner, has resigned.
    http://goo.gl/X1A4i
  38. 11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
    http://goo.gl/Xqxsr
  39. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
    http://goo.gl/OiDiq
  40. 11/23/12 (USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns for personal reasons. Bank of the Carolinas was delisted from the NASDAQ on 3/9/12
    http://goo.gl/oytcD
  41. 11/28/11 (LATVIA) Latvia’s chief banking regulator, Irena Krumane, said she resigned today, a week after the state took over Latvijas Krajbanka AS (LKB1R), the Baltic News Service reported. The bank regulator suspended operations at Krajbanka, a subsidiary of Lithuania’s Bankas Snoras AB, on Nov. 21 and said around 100 million lati ($191.8 million) was missing. The Lithuanian government seized Snoras on Nov. 16 saying assets reported on the lender’s balance sheet were missing.
    http://goo.gl/mUvLF
  42. 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
    http://goo.gl/XncOc
  43. 11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
    http://goo.gl/utIfy
  44. 11/30/11 (LITHUANIA) Lithuania Central Bank, Governor Vitas Vasiliauskas fired Kazimieras Ramonas, head of the banking supervision department, after seizing Bankas Snoras AB, the country’s third-biggest deposit bank.
    http://goo.gl/EiqUC
  45. 12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
    http://goo.gl/ojDcu
  46. 12/03/11 (USA SC) South Carolina’s $25 billion pension fund chief investor Robert Borden resigned. Borden’s resignation comes as the SC Retirement System faces a $13 billion deficit, prompting state lawmakers to call for a massive overhaul of the system.
    http://goo.gl/ypK2G
  47. 12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
    http://goo.gl/peFGD
  48. 12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO  Philip Butterfield retires
    http://goo.gl/peFGD
  49. 12/06/11 (USA ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
    http://goo.gl/ozuwB
  50. 12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
    http://goo.gl/a7Rhw
  51. 12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the “Fund”), Portfolio Manager Paul David Austin Clark resigned
    http://goo.gl/YiagF
  52. 12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
    http://goo.gl/ANN5B
  53. 12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
    http://goo.gl/8rAKb
  54. 12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
    http://goo.gl/ScT47
  55. 12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
    http://goo.gl/06c2b
  56. 12/19/11 (DENMARK) Danske Bank Eivind Kolding has resigned as Chairman of the Board of Directors and from the three board committees on which he served, He continues as member of Danske Bank’s Board of Directors until he assumes the position of Chairman of the Executive Board on 15 February 2012. On the same day, at the latest, Eivind Kolding will resign from the A.P. Moller-Maersk Group.
    http://goo.gl/06c2b
  57. 12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
    http://goo.gl/bbdeT
  58. 12/23/11 (USA VA) Virginia National Bank (VNB) Chairman Mark Giles quits
    http://goo.gl/dFDpH
  59. 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Claire Gargalli quits
    http://goo.gl/kowkW
  60. 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Leslie Disharoon quits
    http://goo.gl/kstLp
  61. 12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Neal Kassell quits
    http://goo.gl/NrrPZ
  62. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
    http://goo.gl/b6AoA
  63. 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Galia Maor steps down after 16 years
    http://goo.gl/xwlFt
  64. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
    http://goo.gl/joExI
  65. 1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
    http://goo.gl/DP1uK
  66. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
    http://goo.gl/SKE7j
  67. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
    http://goo.gl/bzZtQ
  68. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
    http://goo.gl/zvo1L
  69. 1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB announced retirement of CEO Nofal Barbar from its London office.
    http://goo.gl/yF0Mm
  70. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
    http://goo.gl/5qsUu
  71. 1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
    http://goo.gl/34F0B
  72. 1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
    http://goo.gl/yAHgr
  73. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
    http://goo.gl/i2TVk
  74. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
    http://goo.gl/i2TVk
  75. 1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
    http://goo.gl/GN3h3
  76. 1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David Conner retires.
    http://goo.gl/83Z1i
  77. 1/19/12 (UK) Santander, senior director Americas division Francisco Luzón is retiring with a pension pot of about €56m, a package whose generous size is expected to reignite controversy over bankers’ remuneration.
    http://goo.gl/XMRvP
  78. 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa’ Sabaa resigned from board of directors.
    http://goo.gl/5Eze1
  79. 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
    http://goo.gl/5Eze1
  80. 1/20/12 (JAPAN) Normura’s head of wholesale banking Jasjit Bhattai quits
    http://goo.gl/6FuWe
  81. 1/20/12 (SOUTH AFRICA) First National Bank’s sharia banking division is in a state of flux after it was hit by a corporate governance scandal in which its chief executive, Ebi Patel, was put on “special leave” for almost a month while an internal probe was conducted. Patel has been reinstated, but is facing disciplinary action.  Islamic finance forbids the payment and receipt of interest (riba), and investment in some industries. Sharia law states that interest-bearing transactions result in economic ills such as unemployment and high inflation. Trading in derivatives and speculative investment are also forbidden. Sharia law requires all transactions to be backed by tangible assets.
    http://goo.gl/NmGJP
  82. 1/20/12 (USA) TIAA-CREF executive vice president and president of Asset Management, Scott C. Evans resigned
    http://goo.gl/f6qLs
  83. 1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
    http://goo.gl/sdY1p
  84. 1/21/12 (SINGAPORE) ANZ Asia’s private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
    http://goo.gl/hlHvG
  85. 1/21/12 (GREECE) Institute of International Finance negotiator Charles Dallara quits
    http://goo.gl/NbPlt
  86. 1/21/12 (GREECE) Institute of International Finance negotiator Jean Lemierre quits
    http://goo.gl/E3AkE
  87. 1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
    http://goo.gl/rcfJ3
  88. 1/22/12 (KENYA) National Bank of Kenya’s (NBK) managing director, Mr Reuben Marambii, will resign before year end.
    http://goo.gl/c2n7r
  89. 1/24/12 (USA) Fortress Investment Group, CEO Daniel Mudd will resign, a month after he took a leave of absence from the company amidst charges over his role in understating Fannie Mae’s exposure to subprime mortgages.
    http://goo.gl/tXQwP
  90. 1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
    http://goo.gl/cVWnA
  91. 1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an “exciting position” outside banking
    http://goo.gl/cVWnA
  92. 1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
    http://goo.gl/cVWnA
  93. 1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
    http://goo.gl/Glvdn
  94. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
    http://goo.gl/BwUgv
  95. 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
    http://goo.gl/4SDW8
  96. 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
    http://goo.gl/CoLVS
  97. 2/01/12 (SOUTH AFRICA) ABSA [Barclay’s Bank] deputy CEO Louis von Zeuner resigns
    http://goo.gl/IP8nH
  98. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
    http://goo.gl/OqRVo
  99. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
    http://goo.gl/vjO5M
  100. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
    http://goo.gl/bb5sh
  101. 2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
    http://goo.gl/K66eb
  102. 2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
    http://goo.gl/r955T
  103. 2/03/12 (UK) UBS London trader, Kweku M. Adoboli, was arrested and charged with fraud and false accounting, forcing UBS to announce a $2.3 billion trading loss.
    http://goo.gl/ClTaq
  104. 2/05/12 (USA – NY) Morgan’s investment banking chairman Joseph Perella quit
    http://goo.gl/pG2jF
  105. 2/05/12 (USA – NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
    http://goo.gl/bRv9K
  106. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
    http://goo.gl/OhCEb
  107. 2/07/12 (USA) Bank Of America’s Mortgage Business Chief Barbara Desoer Retires
    http://goo.gl/i7AUY
  108. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
    http://goo.gl/fP03J
  109. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
    http://goo.gl/PiQSy
  110. 2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd – Resignation of Group Secretary Loren Wulfsohn
    http://goo.gl/K1pfn
  111. 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known)
    http://goo.gl/tW8Sj
  112. 2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
    http://goo.gl/8BuXy
  113. 2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
    http://goo.gl/CPO23
  114. 2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
    http://goo.gl/ohHG3
  115. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
    http://goo.gl/DBKdc
  116. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
    http://goo.gl/wMl5g
  117. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
    http://goo.gl/GFvIy
  118. 2/13/12 (UK) Goldman Sachs confirmed on Monday that George N. Mattson, one of the firm’s top deal makers in the industrial sector, will retire. He was a senior relationship banker with a client list that included General Motors, General Electric and Caterpillar.
    http://goo.gl/vgnq2
  119. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
    http://goo.gl/iQ0n8
  120. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
    http://goo.gl/uHp6C
  121. 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
    http://goo.gl/scexo
  122. 2/14/12 (USA NY) Goldman Sachs Jeffrey Moslow resigns, an investment banker to companies such as Tyco International Ltd, Nstar, the Boston-based utility, and defense contractor Dyncorp International Inc.
    http://goo.gl/7h4O7
  123. 2/15/12 (WORLD) World Bank CEO Zoellick resigns
    http://goo.gl/dHDSm
    Did the White House tell the World Bank president that he’s out?
    http://goo.gl/wUOgb
  124. 2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
    http://goo.gl/MQeGW
  125. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
    http://goo.gl/SNsVI
  126. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
    http://goo.gl/TyYiJ
  127. 2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
    http://goo.gl/LLNnD
  128. 2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
    http://goo.gl/LLNnD
  129. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
    http://goo.gl/yT6rS
  130. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
    http://goo.gl/c7PtU
  131. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
    http://goo.gl/CtmOU
  132. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
    http://goo.gl/I7Alo
  133. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
    http://goo.gl/WczHh
  134. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
    http://goo.gl/I7Alo
  135. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
    http://goo.gl/I7Alo
  136. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
    http://goo.gl/4r16D
  137. 2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
    http://goo.gl/K8A2I
  138. 2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
    http://goo.gl/UjpzD
  139. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
    http://goo.gl/1n1Nr
  140. 2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
    http://goo.gl/uDplK
  141. 2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns 
    http://goo.gl/G0woP
  142. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
    http://goo.gl/Unuez
  143. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
    http://goo.gl/F5twL
  144. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
    http://goo.gl/aA0RW
  145. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
    http://goo.gl/6Dj0i
  146. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
    http://goo.gl/DuMrm
  147. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
    conflict of interest with director seat on unknown bank
    http://goo.gl/aEmwB
  148. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
    conflict of interest with director seat on unknown bank
    http://goo.gl/aEmwB
  149. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
    conflict of interest with director seat on unknown bank
    http://goo.gl/aEmwB
  150. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
    conflict of interest with director seat on unknown bank
    http://goo.gl/aEmwB
  151. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
    conflict of interest with director seat on Eastland Insurance Company Limited
    http://goo.gl/aEmwB
  152. 2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
    http://goo.gl/Z1rnw
  153. 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
    http://goo.gl/ppKno
  154. 2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
    http://goo.gl/x4Zsr
  155. 2/22/12 (UK) UBS AG’s (UBSN) Doug McCutcheon, head of Healthcare Banking in Europe, Middle East, Africa and Asia-Pacific region, has left Switzerland’s biggest bank after 25 years at the firm.
    http://goo.gl/Dnxqh
  156. 2/23/12 (UK) Goldman Sachs Nordic M&A banker Luca Ferrari has decided to retire from the firm, clients included the largest telecommunications operator in Spain the Spanish telecommunications.
    http://goo.gl/qmCh3
  157. 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
    http://goo.gl/DTL5S
  158. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
    http://goo.gl/KoEUI
  159. 2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirby resigns for business reasons.
    http://goo.gl/9stPB
  160. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
    http://goo.gl/5eUqU
  161. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
    http://goo.gl/JIC9A
  162. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
    http://goo.gl/6UJau
  163. 2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
    http://goo.gl/n5RLY
  164. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
    http://goo.gl/nMTLW
  165. 2/27/12 (GERMANY) Deutsche Bank Americas chief  Seth Waugh steps down
    http://goo.gl/8lxSw
  166. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
    http://goo.gl/yKjzL
  167. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
    http://goo.gl/IJ5Lw
  168. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
    http://goo.gl/eVCS5
  169. 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down
    http://goo.gl/Q0dWR
  170. 2/27/12 (BAHRAIN) – Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
    http://goo.gl/hhHSm
  171. 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns – Flees to Canada!
    http://goo.gl/DDEUk
  172. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
    http://goo.gl/ZD0mc
  173. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
    http://goo.gl/dsXcE
  174. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
    http://goo.gl/Uo800
  175. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
    http://goo.gl/26MYq
  176. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
    http://goo.gl/NDJze
  177. 2/28/12 (HONG KONG) Bank of America’s Asia-Pac. mrkts Brian Canniffe quits
    http://goo.gl/cRkCP
  178. 2/28/12 (BELGIUM) KBC’s CEO Jan Vanhevel is to retire after a career spanning 41 years.
    http://goo.gl/1rCWd
  179. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
    http://goo.gl/HIYXv
  180. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
    http://goo.gl/ggPvq
  181. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
    http://goo.gl/YxvNA
  182. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
    http://goo.gl/F0UgN
  183. 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
    http://goo.gl/7aLRU
  184. 2/28/12 (UK) Bank of England Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013
    http://goo.gl/LkJhV
  185. 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns
    http://goo.gl/n6uoM
  186. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
    http://goo.gl/Jh9jd
  187. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
    http://goo.gl/014or
  188. 2/29/12 (GUYANA) National Investment and Commercial Investments Ltd. (NICIL), Executive Director Winston Brassington resigns, “We feel that (Winston) Brassington knows everything…A to Z about all the transactions,” said Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he sounded a warning that controversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee.
    http:// goo.gl/L7I35
  189. 3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
    http://goo.gl/wACrI
  190. 3/01/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government’s legislation on boosting competition.
    http://goo.gl/3llyT
  191. 3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
    http://goo.gl/nA8g9
  192. 3/01/12 (USA NY) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG’s third party asset management business, PineBridge still manages AIG assets
    http://goo.gl/SI7kT
  193. 3/01/12 (SINGAPORE) UBS Singapore – James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
    http://goo.gl/BGugF
  194. 3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
    http://goo.gl/uEqDV
  195. 3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
    http://goo.gl/VG9q5
  196. 3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
    http://goo.gl/B9dR0
  197. 3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
    http://goo.gl/8kZuc
  198. 3/02/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
    http://goo.gl/ZEUwf
  199. 3/02/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
    http://goo.gl/npBe2
  200. 3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
    http://goo.gl/wFSV8
  201. 3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
    http://goo.gl/BhZ0F
  202. 3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
    http://goo.gl/w99tD
  203. 3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
    http://goo.gl/Y801M
  204. 3/03/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home ⑆44541444⑈
    http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP
  205. 3/04/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
    http://goo.gl/fmNxY
  206. 3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
    http://goo.gl/gubPj
  207. 3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
    http://goo.gl/pNx0l
  208. 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
    http://goo.gl/RPqOp
  209. 3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
    http://goo.gl/RPqOp
  210. 3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
    http://goo.gl/gX7wu
  211. 3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
    http://goo.gl/u6BT4
  212. 3/06/12 (FRANCE) Blackstone Group’s Paris office leader Jean-Michel Steg will step down
    http://goo.gl/w3Ca5
  213. 3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
    http://goo.gl/oMwv6
  214. 3/06/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive director Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
    http://goo.gl/FBwFo
  215. 3/06/12 (USA PA) USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement,has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing. Provides a network of wireless non-cash transactions, associated financial/network services and energy management. It provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.
    http://goo.gl/8oi7C
  216. 3/06/12 (UK) Sterling Green Group has announced that Philip Kanas, a non-executive director, has decided to resign
    Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
    http://goo.gl/qc3jB
  217. 3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
    http://goo.gl/ZIkvQ
  218. 3/07/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Risk Officer Hugo Baenzigeri to resign
    http://goo.gl/MWqsH
  219. 3/07/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
    http://goo.gl/MWqsH
  220. 3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
    http://goo.gl/rfhWN
  221. 3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
    http://goo.gl/RHllr
  222. 3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
    http://goo.gl/CpEzZ
  223. 3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
    http://goo.gl/3yQDS
  224. 3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
    http://goo.gl/3yQDS
  225. 3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
    http://goo.gl/3yQDS
  226. 3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
    http://goo.gl/3yQDS
  227. 3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
    http://goo.gl/jqbYY
  228. 3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
    http://goo.gl/v8tcT
  229. 3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
    http://goo.gl/09VqT
  230. 3/07/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
    http://goo.gl/UtVz3
  231. 3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
    http://goo.gl/XhgJ9
  232. 3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
    http://goo.gl/eZJMb
  233. 3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
    http://goo.gl/ub0ke
  234. 3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
    http://goo.gl/Zv6Ny
  235. 3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
    http://goo.gl/ZTtYo
  236. 3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
    http://goo.gl/x5snO
  237. 3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
    http://goo.gl/8KVKn
  238. 3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
    http://goo.gl/RiVNi
  239. 3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
    http://goo.gl/AV7Sk
  240. 3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
    http://goo.gl/MyQ90
  241. 3/09/12 (MONGOLIA) Mongol Bank President Alag Batsukh submitted his resignation letter to Speaker of Parliament D. Demberel at the end of last month. He described his reason for resigning as a lack of support by Parliament.
    http://goo.gl/RDmNx
  242. 3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakh recently resigned, to focus on his role as Director of Khan Investment Management, investment advisor to the Khan Mongolia Equity Fund – the first open-ended investment vehicle with monthly dealing that invests in Mongolia related equities listed both domestically and internationally.
    http://goo.gl/2T4R6
  243. 3/09/12 (SOUTH AFRICA) African Bank Investments Ltd, company secretaryYashmita Mistry has resigned
    http://goo.gl/tHRH4
  244. 3/09/12 (Côte d’Ivoire) Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor of the multi-billion dollar West Africa Francophone bank, Philippe-Henry Dacoury-Tabley, resigned his post.
    http://goo.gl/CevLn
  245. 3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
    http://goo.gl/3gzbi
  246. 3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
    http://goo.gl/5Ti2p
  247. 3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
    http://goo.gl/5Ti2p
  248. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
    http://goo.gl/sE7xh
  249. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
    http://goo.gl/sE7xh
  250. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
    http://goo.gl/sE7xh
  251. 3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
    http://goo.gl/ieNea
  252. 3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
    http://goo.gl/9uKVx
  253. 3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
    http://goo.gl/G6MD
  254. 3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
    http://goo.gl/vAMzV

█▓▒░   End of list as of 3/8/12  ░▒▓█
Addendum:
It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don’t know their reputations except for a few rather famous ones.

This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan).

 

Posted in Conspiracy Archives, Economic Upheavals | Tagged: , , , , , , , , , , , , | Comments Off on 20,000 Extra Resignations March 15, 2012

Did the Dimona Dozen murder the Fukushima 50? 3/11 was Japan’s 9/11. It’s all documented folks!

Posted by Admin on March 1, 2012

http://www.jimstonefreelance.com/fukushima1.html

Did the Dimona Dozen murder the Fukushima 50?

This is the article that sparked the fight between Makow and Rense. If Rense was honest, why would he avoid this?

This article needs greater exposure and distributed protection. It needs more than the few million reads it has had so far. Post it everywhere – even on your site, I don’t make money from this – the truth just NEEDS TO BE KNOWN. It really is US against the lie machine. Cache the pictures locally also, they MUST be available if I get taken down. If this truth does not get spread we WILL see more disasters just like Japan.

NHK released a bogus report – NHK PULLED IT, PROBABLY IN RESPONSE TO THIS SITE! – On Feb 26 2012, claiming they have the first aerial footage of Fukushima when far better aerial footage has been posted on this site since May of 2011! Furthermore, NHK modified their photos! What are they hiding? Well, what is reported here, of course!

DEAR NHK NEWS IN SENDAI JAPAN: If you really cared about the Japanese people, you would show them THIS picture of reactor 3!

3/11 was Japan’s 9/11. It’s all documented folks!

This report is based on official records and evidence which cannot be silenced. The whole truth could not be definitively dug up with 9-11, but this was NOT the case with Japan’s disaster.

Jim Stone, Freelance Journalist, Updated Tuesday, Feb 28, 2012

This is a massive and technical report. If you have troubles understanding it, just look at THIS classified picture of the vanished reactor, THIS classified picture of the destroyed facility and THIS picture of Magna BSP’s camera. Then scroll down to the photos which prove there was no actual quake damage to Japan and the original Japanese seismic charts which prove there was no 9.0. The linked public records prove that the very real tsunami which destroyed everything in it’s path could not have been natural. The fact that what happened in Japan did not occur naturally has been very well documented by a skilled investigator, who spent hundreds of hours getting to the bottom of this story.

https://i0.wp.com/www.jimstonefreelance.com/reference.jpg

https://i1.wp.com/www.jimstonefreelance.com/camera.jpg

https://i0.wp.com/www.jimstonefreelance.com/containment.jpg

NEW INFO: Japan offered to enrich uranium for IRAN!

HERE ARE THE LINKS: Ynet newsInside Japan News NetworkThe New AmericanRianovosti newsHindustan TimesZee News

AND FOUR MONTHS LATER, THE DIMONA DOZEN SHOWED UP WITH A REALLY FANCY CAMERA!!

This report includes classified photos and the schematics for Fukushima to support it’s claims.

They are,

1. Reactor 3 is completely missing, which means the press and anyone who has claimed anything about pressures, temperatures, containment, ect at reactor 3 after March 14 is lying and people need to pay attention to it, because failure of the public to realize the massive extent of the lies about what is going on there will leave the door open to a repeat event.

2. Reactor 4 is Building 7, demolished by explosives. Reactor 4 had been defueled and was undergoing replacement of it’s internal stainless steel shroud, yet blew it’s containment anyway. That is the FINAL smoking gun, an empty reactor is inert, and cannot produce an explosion, yet one happened at 4 that was so powerful it destroyed the structure leaving it in danger of falling over. Overheated open fuel pools cannot produce hydrogen because in an open fuel pool the water boils off at 100 Celsius, and won’t be present in pressurized form at 2,000 degrees Celsius to liberate it’s hydrogen by losing it’s oxygen to the zircon cladding in the fuel rods. The rods will prefer the free oxygen in the air and burn long before attempting to claim the oxygen in whatever humidity there might be. Fuel rods only contain 20 percent fissionable material, and therefore could not have produced the “prompt criticality” in the fuel pools Arnie Gundersen, “The most qualified nuclear engineer in the world” has spoken of. This report includes a background investigation of Arnie Gundersen which proves he is a fraud who is hiding how big the disaster at Fukushima is. He is making statements which defy the laws of physics, and hide what really happened at Fukushima because if it became widely known serious questions would be asked. When have you heard Gundersen talk about a totally missing reactor? SOMETHING had to cause #3 to vanish. It weighed over a million pounds, where did it go?

Reactor 4’s dome was removed for defueling. Drone photos prove it. This dispels the rumors surrounding unit 4’s explosion. Some people have said that this reactor was secretly in operation to enrich plutonium. This photo proves it was disassembled for shroud replacement as stated. Tepco is going out of it’s way trying to explain the explosions, especially at reactor 4 because they did indeed occur, so an explanation is needed. As a result they are giving reasons that cannot happen just to say something. They need to see this post and get the Arava perspective(Arava is a district surrounding Dimona).

3. That the destruction of the facility is so severe it could only have been accomplished with nuclear weapons. Hydrogen gas produces a non-ideal subsonic explosion. It cannot turn concrete into dust. It can produce high pressures if sealed off, but the metal roof on all the reactor containments should have provided the relief and been the only thing destroyed. It takes a high intensity explosive to strip concrete off rebar, a blast wave many times faster than supersonic. This means that whatever happened at Fukushima did not have blast characteristics that fit the “official” story. If you missed it in the high resolution photo of the destroyed facility, I took a car that was laying around in the remains and placed it on top of one of the blown away walls at reactor 3, which clearly gives the reference that the walls had support columns at least 15 feet thick. Fukushima was built with the Mark 1 containment design, but beyond Mark 1 standards which was a common upgrade(reference is the included photos, it is obvious). It is true that gas explosions can be very destructive, but only in facilities that were not designed to handle them. Even the basic mark 1 containment was many times beyond capable of withstanding the worst hydrogen blast.

4. That nuclear weapon(s) were placed inside of the reactor containment(s) disguised as security cameras installed under contract this year by Arava based security firm Magna BSP (Arava is a district around Dimona, not a city.) Their “security cameras” weighed over 1,000 pounds and were the size and shape of gun type nuclear weapons.The reason Magna BSP gave for the odd shape, enormous weight, and giant proportions of their cameras was that they were stereoscopic. A stereoscopic camera could be plausible at an airstrip, where the camera would need depth perception out miles, but not indoors where focal lengths are short. Depth perception going out miles could also be accomplished with two separately mounted cameras weighing only a few pounds; the giant thousand pounder is a dead giveaway. Why this giant thing, when smaller nukes are possible? Nuclear weapons always produce a certain amount of heat, and if a small design was used it would be obvious the “camera” was warm, even when turned off and sitting on the shelf. This would cause questions to be asked, especially in a nuclear power facility. The enormous size and weight helped conceal the decay heat.

. . . . . . . . . .9/11, 4/11, 3/11? see a pattern? Let’s not see another X/11. Your time and effort in spreading the word may really make a difference.

The quake was not what we were told.

In fact, the quake was a bold faced lie, packing a political agenda. The proof goes beyond the linked Japanese chart. This original seismic data is the smoking gun, however, I have something better. I analyzed the falsified charts put out by the USGS, and from them wrote this sad, sad story about how it had to be according to those charts, not what you will see in the newsroom video I have linked farther down the page which documents what really happened. Keep in mind that precise top speeds of flying debris cannot be determined with complete accuracy, but this story will at least be close to the numbers put out by the USGS.

The people in the newsroom did not die, this story is what would have happened if the USGS charts were true.

Meet Atsuo, Airi, and Akiyoshi. They were all the best and most dedicated people at the NHK newsroom, in Sendai Japan. Akiyoshi loved Airi, and Atsuo was the one who introduced them. Unfortunately, all 3 died in the quake. Akiyoshi got a severe cut and bled to death when he hit a display screen behind him at 44 miles an hour, and was then thrown out through a hole in a collapsed wall. Airi followed pretty much the same path, and died beside him in the rubble. Atsuo flew through the open door behind him, then crashed through a window and was crushed when he landed in a massive seismic crack in the road, which closed in on him. Others in the newsroom died also, but I never thought up names for them. At least, according to the official USGS charts. The laser printer was never found, but the table it was on ended up on top of the rubble, smashed to pieces, where one of the few survivors used a piece of the metal frame to splint his broken leg.

The chart is from station MYG012, which is less than 1/2 mile from the NHK newsroom. THIS PROVES THE USGS LIED. THERE WAS NO 9.0

The USGS charts are phony folks, that’s all there is to it! Scroll down to the video of the quake represented in the above chart, which represents a 9.0 and was reportedly from a seismic station only one half mile away from where the video was shot.

The implications of this run deep. The seismic chart, in conjunction with the following video, proves that the US government is also involved in the lie about the quake at some level. The video proves the USGS falsified records.

Some people keep typing on their computers as the quake happens.

Also, note that most of the stuff stays on the desks, at the end, a laser printer is still sitting on a cheap table, ect. some things fall but things return to normal quickly, all the while the English announcer is reading a script of devastation with all the pep of some paid fool who does not believe what he is saying in a cheezy infomercial. The quake was significant, but only in a 6.0 sense, as recorded by the JAPANESE seismographs, and FAKED to a 9.0 by the USGS. This is important footage, because it proves the earthquake measured at a 6.8 was an instrumentation based richter reading. Confusion between the Shindo and Richter scale is being used to cover this up . I chose this video because it’s location is documented to have been the worst affected, and was recorded in a news room with a known fixed location.

This video gets deleted off youtube occasionally, if it does not work check back later and I might have re-linked it.

http://www.youtube.com/watch?feature=player_embedded&v=gM9phL_Im0I

Remember that this video is proof of what really went on. This means there never were significant aftershocks, never was a natural tsunami, and if they lied about that, what else? This video is pivotal and vital to exposing the truth. Sure there was a quake, but at this newsroom it was not much over a six if it even was a six. I chose this video because the news room is within eyeshot of station MYG012, which was used by the USGS to make these graphs which represent an 8.8 AT THAT STATION, as was stated in this (English) newscast and was probably used as a guide to fudge the lie due to the closeness of the newsroom to the seismic station. Here is the full chart put out by the USGS Of course, they offer no reading from MYG011, which was closest to the 9.0 “epicenter” by a long shot, because it only got a 5.63’s worth of shaking. I will do that work for them. That map is below.

I challenge ANYONE to send me pictures of this quake showing me devastation in an area not hit by the tsunami.

All we have, all the pictures are tsunami damage. Let’s see pictures of quake damage. The Kobe quake was a 6.9/7.2 depending on source. That makes this quake, at a 9.0 100X as powerful. Sendai was near the epicenter, where station MYG012 was and would have been devastated if it really happened as stated by the USGS. Look at the earthquake photos of damage from the Kobe quake, and try to find ONE THING SIMILAR in SENDAI. Just try. They do not exist. Outside of the tsunami, the quake which supposedly hit Sendai with many times the power of the one in Kobe, did not destroy a single building there. Sendai was only 48 miles from the epicenter of this “9.0” which would have devastated everything in an area 1,000 miles across if it was real. All of Japan would be toast. Try to find a photo of seismic damage in Sendai. I challenge you. Try to find it in any of the coastal cities, as little as 25 miles from the “epicenter”. I looked for 5 hours, and except for some tanks that fell at a brewery not a single one exists. No pictures of collapsed skyscrapers or high rises equals NO 9.0. You will not find a single skyscraper photo where the windows got broken either. You will find no downed power poles, no flipped over cars, no uprooted trees, no derailed trains (except for one the tsunami hit), and the road damage is typical of even a 5.0. You will not find pictures of a single damaged multi story building or even a structurally damaged wood framed house outside the tsunami zone. In Sendai the quake messed up grocery stores and kitchens and that really is about it.

And now, I will say it like I knew it had to be.

I believe the phony 9.0 story was used as seismic cover for a tsunami nuke, which produced the tsunami of a 9.0 when detonated in the Japan trench (where no earthquakes of significance happen) as punishment for Japan offering to enrich uranium for Iran. The rest of the story, the concealment, is black ops. Bet on it. In the tsunami videos, the tsunami rips through pristine and undamaged cities, where business as usual is obvious and the tsunami is an ambush; not 9.0 earthquake ravaged debris. The quake is a paper thin story taped together by the undeserved trust of a gullible public. And the stories? The CIA did not hire a million people last year for nothing. If there is evidence of a 9.0 SHOW ME. A 9.0 will devastate an area over 1,000 miles across.That is how big a 9.0 is. The entire nation should be in ruins, especially judging from the damage the 6.9 Kobe quake did, and no where, no where outside the tsunami zone in the entire country is there a single damaged multi story building, a single collapsed bridge, a single structurally damaged wood framed house, or skyscraper. If a picture exists that can be definitively pinned to this quake, show me. The only collapsed structure in all of Japan was an old welfare shelter near station MYG004, the true epicenter.

Take a look at these frame captures, and ask a question – Why is no one trying to run? Why are the cars all just parked peacefully as the tsunami arrived? Why was there no warning? Why did the tsunami sirens only go off after the tsunami arrived? Could it be that the people and the governement had not felt a significant earthquake and did not measure one either?

Question: Why are none of the roads packed with people trying to flee the approaching tsunami?

Could it be that the people and government were not expecting one? Tsunami sirens blare only when it arrives, rather than 40 minutes before, which is how much warning they would have had if a real quake in the ocean had been detected. Consider that. Parking lots full of cars, everyone at work, no one trying to leave. AMBUSH!!.

When people keep typing at their keyboards during the quake, it’s obviously not what we were told.

When reviewing the seismic data for the supposed 9.0, I knew there were instead 3 small simultaneous inland epicenters. This made me suspicious right from the start that the quake was artificially triggered and used as seismic cover for a tsunami bomb. But I needed a reason to believe an artificial quake could have been done. I suspected that either Japan was testing nukes and Israeli intelligence was onto it and used the tests as the “start of clock” for their operation, or Israel managed to smuggle nukes into lava tubes and tunnels far underground to trigger earthquakes and contain the blasts. So I was hunting for tunnels and lava tubes near each of the three epicenters, and wanted to find them before writing this into this report. As it turns out, I did not need to. This military briefing with Secretary of Defense William Cohen, dated all the way back to 1997! shows that even then, Cohen knew about EM weaponry that could trigger quakes and set off volcanoes. I have ignored everything regarding this subject, I thought it was the realm of kooks. I thought EM weaponry would be effective in weather modification only, but I am not going to argue with the Secretary of Defense. There are obviously then, energy technologies which have never been publicized, such weaponry would need far more energy input than the electrical grid could provide. And the systems Cohen spoke of in 1997 would be outdated now.

Cohen stated: “Others are engaging even in an eco- type of terrorism whereby they can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic waves. So there are plenty of ingenious minds out there that are at work finding ways in which they can wreak terror upon other nations. It’s real, and that’s the reason why we have to intensify our efforts, and that’s why this is so important. – William S. Cohen, Secretary of Defense, April 28, 1997. Left unsaid by William Cohen is that such systems would be developed by DARPA and owned by America first!

I would expect with 14 years of advancement that these technologies could now trigger devastating earthquakes in non-seismic zones.

The following picture is the strongest reading for this quake on any seismogram anywhere in Japan. This was before the lie machine got running smoothly. Early on there were a few sputters and this REAL chart got out. As you can see on this chart, it was a 6.67 on the Richter scale, (not shindo scale, confirmed by PGA reference) This would fit in with NO structural damage in Sendai and the level of shaking in the video

This quake was initially asessed a 6.8, and the seismic data will show anyone the epicenter was inland, not at sea. So it started a 6.8, then got upgraded to a 7.9, then got upgraded to an 8.4, then got upgraded to an 8.8, then got upgraded to a 9.0, and had the epicenter put out in the ocean. Now many are saying it was a 9.1 which would bump up MYG011’s number to 1200 from 1070, and it is all based on tsunami effects, not seismic data.

The following seismograms clearly show epicenters from 3 separate small quakes all occuring simultaneously. This is what would be expected of an attack, rather than a natural occurence.

One problem with people grasping how big a 9.0 is, is exponential charts which will hide how much energy is really being released behind confusing gradient marking. To answer the need for clarity, I got out the calculator and produced a chart that shows you how big a 9.0 earthquake is on a linear scale. Make sure you expand and scroll it, it is 5,000 pixels tall. Due to its large verticle height it opens on the left side of the screen and is almost invisible until you expand it. Confusion over how GIANT a 9.0 really is has helped the elite scammers enormously in their lie. There is simply no way much of anything will remain standing, yet as the tsunami rolls in . . . . . .

And now, I will bite. This is what I did not want to publish, but I know it has to be true. Call this creative journalism, because I never called Netanyahu, but here is the most rational conclusion I can draw, based on all info gathered so far including the original not faked seismic data.

I honestly believe Japan is being held a nuclear hostage. It all makes sense.

1. Japan offers to enrich uranium for Israel’s GREAT SATAN, Iran

2. Immediately, Israel sets up front companies masquerading as security companies, and one of them succeeds in getting a security contract at a Japanese nuclear facility. 4 months later the Dimona Dozen shows up, and under the cover of a security contract gets unlimited access to the heart of Fukushima. They plant the virus, install real cameras outside the facility, and functional poorly disguised nuke cameras inside the facility. In addition to this, they install an unauthorized data connection to allow control of all the guts of the facility via the virus. (they admitted to this connection, as discussed later on this page)

3. After installing Stuxnet and the nukes they scram

4. Israel waits for one of the many natural quakes in Japan to provide cover for a tsunami bomb, and they already have it at the bottom of the Japan trench. VLF communications are established with the bomb to penetrate the water. David in Dimona gets seismic reading from Japan. 6.67 in progress, BOOM. (new evidence shows the quake most likely was not natural)

Tsunami comes in, swamps stuxnet infected power plant, direct video feed from legitimate cameras security company installed gets to David via totally unauthorized channel, and David knows just when to cut the generators off. Others on the team do all they can to counteract measures taken by the employees at fukushima, who are unaware an attack is taking place and do not understand why everything is going crazy

5. Israeli Prime Minister calls Japan, and says TAKE THAT for offering help to Iran, and ya know, there are FIVE MORE NUKES in the ocean off the coast of Japan, and we are going to set those off and destroy your coastal cities if you do not forget that 6.67, and say it was a 9 to cover for tsunami effects. AND NOW we are going to make your people DEMAND you move away from nuclear power so you can NEVER threaten us like that again. We are BLOWING UP FUKUSHIMA DIIACHI and you are going to go along with whatever story we tell you to. SO THERE!!

6. David and his pals close ALL valves to the reactors via the remote data link they admitted to installing, and put them full throttle, to melt them down while the virus keeps control room readouts displaying false info, like nothing is going on even though the place is coming apart. After enough mayhem ensues to provide plausibility, they set off planted nukes and blow the place sky high.

And even if the quake was real, there are nukes that can reach an 8.4. Close enough. Though I have yet to work out the final details, I probably have enough to hang them because:

1. I got the real seismic data that proves beyond a doubt the quake is not what we were told and was in fact an inland 6.8, (calculated higher than the seismogram due to the triangulated true epicenter being a little higher) which would get noticed but not feared in quake ridden Japan.

2. Numerous referenced sources prove Stuxnet really was written by Israel

3. Japan really did offer to enrich Uranium for Iran, and Israel has been documented to have attempted to destroy the reactor in Iran, and probably did. Japan contributing to Iran’s nuclear future would make them just as much an enemy to Israel as Iran. Israel would want them taken out.

4. It is documented that a team from Israel, with a history consisting only of working in Israeli defense, got unlimited access to a Japanese nuclear facility, which then went boom

5. Reactor 4 had been defueled and proven disassembled, and therefore no explosion there was possible. What should have happened at reactor 4, if anything at all? the fuel pools should have melted down and caught fire once the water boiled off from lack of recirculation AT Worst, and badly contaminated the containment structure, NOTHING ELSE. NO explosions, NOTHING ELSE. Reactor 4 is building 7, PERIOD. Why did an explosion there happen that was so severe it blew the outer containment walls (4 feet thick) and inner containment walls that were much thicker? Reactor 4 is reportedly now in danger of falling over. HOW?

6. The Japanese government is going along with the story of a scientifically proven false 9.0. There is a reason, and my guess is that Israel has made threats to wipe out Japanese coastal cities with additional tsunamis if the government of Japan speaks a word of what went on, there should be no reason for Japan to go along with this other than a continued threat.

Is it not interesting this “quake” reportedly happened at the bottom of the Japan trench, which would be perfect for hiding an atomic bomb blast?

Is the Department of Homeland Security trying to keep American industries (and nuclear facilities) in the dark about Stuxnet? After Fukushima fell victim to unwary operators, I would think such a conference would be a TOP priority here! The genie is out of the bottle. It is a fact that the writers of Stuxnet intend to use it. So cancelling a well researched conference about the vulnerabilities of the Siemens SCADA system to Stuxnet in the name of “keeping hackers from getting info” seems to me like an effort to keep the threat alive. Ignore the fluff at the beginning, and read the “About TakeDownCon” summary near the bottom so you know what they actually cancelled rather than settle for the no-panic fluff at the beginning. This is SERIOUS. I fear that by the time the Hacker Halted conference happens in October, the summer of disaster may have passed. And if it has not, I bet any discussion of Stuxnet at Hacker Halted will also be cancelled. Stuxnet is too good a toy for a very powerful group to let go of. Something is fishy here.

Other publications picked up this story now, and are poo pooing the issue into the ground. They are obviously attempting to morph responsibility for Stuxnet style attacks away from Israel so that they can regain cover and use the weapon as a false flag tool to destroy internet freedom. This is where they are going to go with this – count on it, and when the disasters happen there will be a cozy blanket of lies shielding Israel from all blame. Never forget, THIS IS THEIR BABY, NEVER FORGET. Prior to them doing this, WE NEVER HEARD OF IT.

About “prompt criticality” – As it turns out, Arnie Gundersen, mister “prompt criticality” with regard to the massive explosion at #3 is very poorly credentialed. His crowning achievement was playing with a 100 watt open water tank reactor in a classroom for a short period of time.

Fuel rods are only 20 percent fissionable, sometimes even less, and until you reach over 90 percent purity in U238 and about 70 percent purity in Plutonium NO “prompt criticality” is possible in ANY case no matter how much of it you have laying around. Furthermore, even with 100 percent pure material you need a precision trigger slamming or crushing material together to get a detonation. Even if 100 percent pure material is slammed together at high speed, if it is not done right you will get only a nuclear “sputter” that pushes the pieces apart, and no detonation. Nukes are hard to do! Why have so many of us seemed to have forgotten that nuclear detonations are hard to accomplish? The “prompt criticality” in spent fuel story is something I would have expected to hear from an Ewok praying to a gold robot. I can’t believe even a scammer would have the guts to suggest it, let alone allow it to be spread around in his name. For an explanation for the explosions, just look at the cameras the Dimona Dozen brought in. If someone is waving a degree as an anchor for this “prompt criticality” bull hockey, remember that there is such a thing as a paper trained idiot and if you look into Gundersen’s background you will discover he is barely that, with his ONLY hands on experience outside a classroom being an intern at a nuclear facility two years before he got his degree!

If the mainstream media wanted the facts, why did they pick this guy? Because he said what they wanted, truth be damned.

“We at Vermont Yankee are well acquainted with Arnie and his exaggerations. He plays to a public and a legislature that has zero knowledge of nuclear power or engineering and is willing to accept any negative claim as truth.” And since he gave an impossible “prompt criticality” explanation which diverted attention away from the only real explanation for the magnitude of the explosion at #3 – a nuke, they gave him a ton of air. Enough said.

Arnie Gundersen’s consulting firm, which has only him (no employees yet or ever, and therefore it’s easy to be “senior engineer”) was curiously founded within months of the release of the spider man villain Critical Mass, who, as Spider man’s fourth grade classmate went by the name of ARNIE GUNDERSEN. Critical Mass had the ability to project explosions from his fingertips. Hmm, perhaps THAT gave birth to the “prompt criticality” in a 20% fuel pool when 90+ percent is needed for an explosion of any sort no matter what the circumstance? If you need 90 or more percent and you have only 20 percent, THE LAWS OF PHYSICS WILL BE OBEYED. Folks, In perfect form, the scamming media hunted out a fraud and rammed him down your throats. Arnie Gundersen has a phony company and was inspired in his fraud by a Spider Man comic. NO ONE at the college Arnie supposedly attended even heard of him, I went down that rabbit hole and the man is a mystery.

This post has been greatly improved via input from readers. If you have information proving any points wrong, or think something should be clarified, as well as new info that can further solidify the case, contact me. Thanks!

If you read this far, I invite you to take part in the Truth Project

The article about Fukushima follows.

_______________________________________

Fukushima was impossible. The swamping of the external generators by the tsunami was irrelevant, because the real emergency backup systems are driven by steam from the reactors themselves. No electricity is needed to operate three separate emergency systems at each reactor, each of which will keep a reactor safe even if only one works. Interesting it is then that all 9 non electrical backup systems across the three fueled reactors failed. This is technically impossible outside of willful intent, and was likely the result of a Stuxnet attack.

Stuxnet was designed specifically to target Siemens SCADA controllers and is most effective at tampering with fluid control systems. The centrifuges it attacked in Iran were ideal. So are the fluid control systems at a nuclear facility. Oil refineries are equally at risk, Stuxnet is most dangerous when affecting a system which needs to control the flow of any liquid, be it hydraulic, for cooling, or combining chemicals. Stuxnet is documented to have been produced by the Israeli Defense Forces, for the purpose of destroying any industrial system that can be destroyed by improper fluid flow.

Magna BSP, a Dimona based company with no history outside of IDF contracts prior to Fukushima has a suspiciously short domain history despite a 10 year claimed history. Magna BSP had a full time internet linked two way connection to the Fukushima reactor room(s) all the way through the disaster. They told TEPCO about that connection on March 15 (after everything blew sky high) via an article printed in the Jerusalem Post. Why did Manga BSP wait until everything was blown sky high to tell Tepco the data link existed, and then did not tell them face to face? I find it hard to believe that TEPCO would not have been interested in viewing a reactor that was about to explode. It seems impossible that Tepco would not have wanted to view the reactor, and probably did not ask because the link was kept a secret. It is a simple fact that internet connections are never allowed inside a reactor’s containment. The connection was mentioned in the Jerusalem Post AFTER the destruction was finalized.

Stuxnet has two modes, random and administrative. It can be administered to optimize the damage and can also transmit setup information and industrial system information to a remote computer. Once installed on the host system via a flash drive it causes that system to violate it’s normal security protocols and internet administration becomes possible if a connection exists. Tampering is not visible on the control room readouts, because Stuxnet learns what “normal” looks like and keeps the temperature, pressure, and other readouts within normal limits so that the operators are oblivious to the destruction happening in secret. Stuxnet appeared in Japan in June of 2010, shortly after Magna BSP arrived. Remote administration mode can be adjusted on demand to suit any need. No doubt the people at Fukushima sat there in idle mode thinking all was well until something screamed or went boom and at that point it would be too late to do anything other than cry.

I am a lifer in the types of control systems Fukushima and it’s clone, TVA owned Browns Ferry have. BOTH have been upgraded to modern Siemens controllers running the Supervisory Control And Data Acquisition (SCADA) system Stuxnet was designed to attack; upgrades are the norm in any major facility. On many blogs people say the controls were old and therefore Stuxnet immune; they are out of touch or have no knowledge of industrial control systems. I actually ferreted it out.

And now I will explain in detail why the problems before the explosions had to be sabotage

The diesel generators were not out in the open as we were led to believe, they were in fact located in the basements of the turbine buildings which were sealed off and never significantly flooded. One of them stayed running the entire time, but the electrical switch gear attached to it disconnected it for an unexplained reason which made it useless. Each of the backup generators at Fukushima were capable of running 14,000 households each, which means they had to be over ten megawatts each. It is obvious then that Fukushima was set up to survive on only ONE of 13 backup generators, and ONE did keep running. One would be many times larger than needed to run last ditch backup systems at all reactors, but would not keep business as usual. But that is not the real story, which is that even others which were high and dry stopped as well.

I hypothesize that the ONE generator that kept running was kept as a lone reserve, never hooked up to a SCADA controller. Why did the switch gear disconnect a working generator? That is the type of thing Stuxnet was designed to do. On top of these things, emergency generators arrived on scene within 9 hours, before anything bad happened at all but were not able to provide power because the switch gear would not let them. This deceptively written report from the World Nuclear Association contains all this information, but it is presented in a way which will cause you to overlook these things if you are not careful while reading it. This report contains accurate information presented in a very misleading way, which will protect the liars who wrote it – they actually did speak the truth here but in a way it would be missed by virtually anyone. Study the facts presented here with the full ramifications of those facts in mind, not their shallow misleading conclusions.

From this report you can get:

1. The generators never got submerged – you have to connect the dot between them being in a contained area and the tsunami thereby not being able to get to them. Some water got into one of the the turbine buildings where several were located and flooded the lowest point in that building to a depth of 4 feet, which means that even if the generators were on the floor at the lowest point they likely would not have been swamped because they are too big – the water would not get past the footings. Perhaps a one megawatt generator would have swamped; certainly not one of the big diesels, which were, according to this report enough to run 14,000 homes each. In addition to this, there were several generators in a second location that never got flooded at all. One of these generators kept running but was not able to get power into the facility because the switchgear prevented it.

2. You have to have watched the robot videos, which clearly show the switch gear that malfunctioned after the tsunami never got wet – there was a non tsunami reason for the failure. Also look at the high resolution photos referenced below. There is no switch gear for the diesel generators outside the facility, it is all indoors in areas higher than the water got. Remember that there was no emergency when the off site generators arrived, which means that they could work efficiently to get things up and running. With my experience in this area, Assuming it DID get soaked, a complete replacement of high capacity switch gear should only take an afternoon if done with an emergency attitude. A truck mounted crane or a forklift does all the heavy lifting and the stuff is modular. In every major facility there are spares galore. It is not that hard to make the terminations. A worst case scenario could have been addressed before things went horribly awry, that is, unless a virus did not let the new switch gear activate either. It would take days to conclude a virus was messing things up. You would not expect that. I am sure there is a LOT we never heard about.

3. That batteries held, leaving only a one hour gap in time where there was no power present to run things before adequate off site power drove into the facility on the road all nice and ready to hook up, but was denied to by switch gear which this report says was swamped but that is likely an assumption because swamped switchgear could have been replaced even before the batteries died. The fact that the offsite generators were able to be driven into the facility also proves that other lies told about the earthquake in general – employees leaving only to find cracks in the road so bad they had to walk home; Why? Why lie like this? AT LEAST this report has some modicum of honesty.

4. You have to look at the chart that shows the thermal output of the reactors 8 hours after the earthquake, which is when the batteries running the electrical cooling pumps died, the output at that time was less than 20 megawatts from each reactor, which means that they would not have had troubles before the off site generators were hooked up to restore power if it was not denied by what I suspect was stuxnet infected switch gear. The real critical time is in the first 3 hours after shutdown.

5. Reactor 3 exploded entirely, yet this reactor had the most functional backup systems. At least this report says the explosion remains “unexplained”. Perhaps those who wrote the report should take a look at this for an answer.

6. The reactors are stated to be an “early 1960’s design” apparently to mislead people into believing they were outdated even when installed. This was not the case. Their design was an early 60’s concept but in fact a late 60’s design, and since installation takes years, what more could you expect in the early 70’s? The reactors were in fact a very safe design. This report at least states that the facility was very well updated. Identical reactors at TVA owned browns ferry have been certified safe and licensed to operate through the year 2035. These reactors were also converted over to run the Siemens Scada system. The reactors at Fukushima were not garbage. The fastest cars in production still function on a late 1800’s concept.

I hypothesize that the situation at Fukushima is not being properly assessed by facility controllers because STUXNET is STILL giving false readings to the control panels, readings which obviously have to be false because they show containment pressure when confidental leaked photographs prove beyond a doubt no containment exists AT ALL at reactor 3. There is not even a reactor there.

This report is perfectly inaccurate with regard to reactor 3 containment. Perhaps the people who wrote this report have not actually looked at the facility or seen the confidential photographs.

This report supports what I have said here entirely. It was written by an experienced reactor operator. I found this on May 10. I was absolutely right!

Each reactor has 8 separate emergency backup systems, each capable of saving the reactor on it’s own. Three are designed to function perfectly if all power is lost and even the generators fail. Fukushima did not need any electrical systems operating AT ALL to keep itself from blowing up, when power is lost steam from the reactors is automatically diverted from the generator turbines to two totally separate steam turbines connected to totally separate water pumps needing only reactor steam to power them. Even that backup system has dual redundancy, only one of the two is needed for the job. But the valves which have to activate to re-divert the steam, all 6 valves on a total of 3 fueled reactors, eventually failed to. At reactors 1 and 3 these systems worked, but switched off at reactor 1 within an hour and off at reactor 3 after running for more than two days. No one has been able to explain why these systems switched off all by themselves, when they need a powered command to switch off. At reactor 2 they were never allowed to activate. This can only happen if the control system tells them to shut off or stay off, absent intervention from the controller they automatically and seamlessly switch cooling modes to passive rather than electrical.

Some readers may remember that the real issue at Fukushima was malfunctioning valves, and the need to get someone past the radiation to open them. These are the valves that were spoken of. Because Stuxnet kept the readouts normal, no one knew this system did not function until major problems happened as a result flooding the area where the valves are with radiation. This prevented last ditch efforts (running and cutting the wires). One automatic valve jamming and mechanically failing would be a surprise,6 failing can only be sabotage.

In addition to this, another completely independent separately piped backup with an entirely different electronic decision tree which injects borated water at a pre charged 3,500 PSI into the reactor to irrevocably shut down all chain reactions (reactor rebuild required) also simultaneously failed at all 3 fueled reactors. The borated water systems have explosive operated valves so reliable that even one out of 3 failing would be a ten thousand to one possiblity, if that. The reliability of the borated water systems is technically theoretically assured. All three failing at the same time at Fukushima can only mean sabotage.

High pressure in all of the reactors proves the quake did not damage any of the infrastructure at fukushima because any leaks would have let the pressure go. In addition to this, the seismic readings at Fukushima were 6.07 Fukushima was designed to handle being at the epicenter of an 8.

The media keeps harping about how all the water went away. It only did because these three backup systems were prevented from cooling the reactor which caused the water to boil off and never be replaced. High pressures were talked about constantly in the press; This means beyond a doubt that all 6 steam powered backup systems were intact, and all 3 borated water systems were intact also because if they were not the pressure would have escaped through them. Absent emergency backup control power keeping the virus alive; (control power Magna BSP admitted was there the whole time by mistake when they said their cameras and supporting computers captured the explosions and maintained a data link) the valves which control these systems would have opened when the generators failed and there would have been no disaster. 3 worst case scenarios where all 9 automatic valves across 9 separate emergency backup systems are held shut by the controller when no power should have been present to prevent them from activating can only mean sabotage.

A historical perspective of Fukushima shows the hydrogen blasts were bogus.

Hydrogen blasts could not have damaged Fukushima so badly, this is a media fed lie. If hydrogen gas alone mixed with air could produce blasts strong enough to blow reactor containment buildings to pieces, which are among the strongest structures on earth (exceeded in strength only by ones like Hoover Dam,) then hydrogen gas filled bombs would be the prime military option. In reality, the Three Mile Island incident proved hydrogen ignition in open air after reactor meltdown is likely to only scare employees, while causing no damage at all to the facility, as was the case there. It is extremely important to know the differences between the boiling water reactor design and the design of Chernobyl. At Chernobyl, a hydrogen blast DID cause destruction of the facility, but it was because the reactor design caused hydrogen and oxygen at a perfect ratio to ignite at thousands of PSI inside the reactor pressure vessel. That’s a big difference from hydrogen alone igniting in relatively oxygen starved open air at one atmosphere (14.5 PSI). The difference would be similar to the difference between a small firecracker and a case of dynamite; there were many orders of magnitude lower blast potential at Fukushima.

Just to be absolutely safe after the Three Mile Island incident, many nuclear facilities installed hydrogen hard vent stacks hooked directly up to the relief valves on their reactors, and Fukushima was one of them. This was to prevent a hydrogen buildup in the containment building in the event of a core meltdown, which caused a minor explosion at Three Mile Island. These stacks are the tall white towers you see in the photographs of Fukushima, and they are effective in getting rid of hydrogen buildup, are directly piped, and vent completely outside. “Hard piped” means that the electrical failures would have had nothing to do with the blasts, because a hard vent is exactly that – no fan needed at all because the system is sealed. Even if the hard piping at all 3 fueled Fukushima reactors failed entirely, it should not have been any worse than Three Mile Island which did not have any hard venting to begin with. While hydrogen venting might be a problem if it ignited, it would not mean the death of a facility. It makes no sense that at Fukushima we got a nuclear weapon style mushroom cloud far in excess of the highest yield conventional bomb.

Below are the classified photos

What then, caused the explosions? The containment walls were at their thinnest points in the lowest allowed General Electric design a minimum of 4 foot thick steel reinforced concrete, were likely to be a minimum of 8 feet thick, and were totally blown away. All concrete was stripped from the rebar, which was left dangling. Reactor 3 vanished entirely,as seen in the classified photo used to compare the destruction to the diagram and reactor 4 appears to have been blown to pieces as seen in this classified photo The yellow dome which should be sitting on top of reactor 4 can be clearly seen on the wrong side of the containment building. This type of destruction is is indicative of hard weaponry in use; a hydrogen air mix will not do that. Reactors are not made out of tinfoil. On top of this, there was no potential for an explosion at reactor 4 at all, it had been defueled. SO WHAT, PRAY TELL, BLEW IT APART? That’s the dirty question no one is asking – how did that happen?

To give you an idea of how big the reactors at Fukushima were, look at this. It’s the top of the same make and model at Fukushima’s American twin, TVA owned Brown’s Ferry, and it is only the top. The yellow dome sits above this, and is even bigger. (here the yellow dome has been removed for refueling). over 150 feet of reactor sits below that cap. Hydrogen will not vaporize that, which appears to be what happened to #3, only a nuclear weapon would. Reactors are about 14 digits beyond incapable of going supercritical even with a complete core meltdown. The reactors did not explode, something placed in their vicinity did.

Magna BSP had access to the reactors at this facility. They were based in Dimona, which is a military base that manufactures nuclear weapons. Stuxnet was made in their yard. They are stated to be a military company.

There is extremely strong evidence that Dimona based Magna BSP placed nuclear weapons at the exploded or vanished reactors at Fukushima, possibly hidden inside one of their unbelievably GIANT stereoscopic cameras. These cameras were installed inside the reactor containment of Fukushima reactor 3 under the cover of a security contract in the year prior to the disaster. These cameras are identical in size and appearance to a gun type nuclear weapon. Since previous hydrogen explosions at boiling water reactors have never caused any sort of damage to equipment or buildings, even during complete meltdowns, it begs the question how on earth one at reactor 3 produced a mushroom cloud. Three Mile Island sits in the evidence pool against what we have been told about Fukushima. History does matter.

One problem with the reporting in the mainstream media is that it failed to convey just how massive and strong the containment structures really were, as seen in this classified photo. A hydrogen explosion would only blow the sheet metal off the steel framed roof if it even did that, at Three Mile Island the hydrogen ignition did nothing at all. It just scared employees. Another thing the reporting failed to convey is the gravity of the disaster. Compare the containment diagram to the remains of reactor 3. It is painfully obvious that many tons of highly radioactive plutonium in the containment pools is nowhere to be found, the entire floor they were on is completly gone. We are getting lied to.

That was a LOT more than a hydrogen blast, and as a result there are thousands of pounds of plutonium scattered everywhere. TEPCO was ridiculed for initially stating that the radiation from the facility was “immeasurable”. I think they at first told the truth. Now they have this story about the Fukushima 50. Is it in fact a “wag the dog”? No one could be there and live. Why is remote controlled heavy equipment doing the cleanup? The official story is hydrogen blasts, not nukes, so the story line has to at least be within the far outer limits of what a hydrogen blast could actually accomplish; not missing reactors and entire fuel pools blown away.

I suggest you ponder the pictures and materials presented and reach your own conclusion. A government issued training manual for the reactors at Fukushima is here

Now that Osama, who has been dead for 10 years is officially dead, Al Quaida is going to use a nuke, so they say; I strongly urge you to consider this article if a nuke actually does go off somewhere or if other nuclear facilities start acting like Fukushima.

The only reason I believe the management at Fukushima is not telling it like it really was is because victim status has been so well asserted by the ethnic group in question that it is career suicide to point the finger at them, even when they try to kill you. I find it interesting that all 12 Non Japanese employees of Magna BSP returned to Israel a week before the tsunami . . . . .

I might have understood the need for Stuxnet if it’s use would have ended with Iran. Unfortunately that does not appear to be the case. I do hope this article breaks their toy.

For those of you who are reluctant to re-post this because the wording is too strong, I ask you to consider this;

The real answer came out of Fukushima. We have a member of the international community which has already done horrendous damage to a very advanced and (presently) innocent civilization and we simply cannot continue to tolerate it. Consider what ignoring this will cost you. Are you prepared to have a major disaster at the convenience of the couch; because you sat there watching TV rather than dragging your butt over to the computer to at least spread the word? Are your video games, ball games, 4×4 and porno really worth continuing to lose everything for? Is your religion going to keep you silent as well? We really need a serious wake up call. Please let this post be it, rather than some other unforseen disaster.

Thank you to the many readers who pointed out flaws, gave tips, and suggested clarifications, you studied this indeed! My thanks also goes out to the radio hosts who have had me on the air and invited me to appear to discuss this subject. BTW, this article was written via code entry, without spell check. Consider that.

These references included as e-mail compatible links.

www.threemileisland.org/science/what_went_wrong/index.html
www.defense-update.com/products/m/magna.htm
www.jimstonefreelance.com/turbine.jpg
www.telegraph.co.uk/technology/news/8326274/Israeli-security-chief-celebrates-Stuxnet-cyber-attack.html
www.english.pravda.ru/history/22-02-2011/116985-Israeli_general_boasts_authoring_Stuxnet-0/
www.telegraph.co.uk/news/worldnews/middleeast/israel/8326387/Israel-video-shows-Stuxnet-as-one-of-its-successes.html
www.reports.internic.net/cgi/whois?whois_nic=magnabsp.com&type=domain
www.magnabsp.com
www.jpost.com/Defense/Article.aspx?id=212168
www.infosecisland.com/blogview/12628-Japans-Nuclear-Crisis-Stuxnet-and-SCADA-Defenses.html
www.yomiuri.co.jp/dy/national/T101004003493.htm
www.jimstonefreelance.com/door.jpg
www.jimstonefreelance.com/borated.jpg
www.news.discovery.com/earth/2011/03/12/fukushima-zoom.jpg
www.nytimes.com/cwire/2011/03/25/25climatewire-us-experts-blame-fukushima-1-explosions-and-19903.html?amp=&pagewanted=all
www.jimstonefreelance.com/reference.jpg
www.jimstonefreelance.com/containment.jpg
www.jimstonefreelance.com/reactorlid.jpg
www.pcworld.com/article/224811/fukushima_daiichi_workers_clear_debris_by_remote_control.html
www.jimstonefreelance.com/03.pdf
www.jimstonefreelance.com/core.jpg
www.jimstonefreelance.com/camera.jpg
www.rense.com/general93/hid.htm
www.pinktentacle.com/2011/04/high-resolution-photos-of-fukushima-daiichi/ (source of high resolution photos)

Jim Stone visits anti-Iran war protest in DC

“Joe” did not Stack up.

NUCLEAR BLACKMAIL

Nasa noticed Haarp anomalies in Hurricane Katrina

Face it, the Election was STOLEN

Jim Stone visits Occupy Los Angeles

Power Grid Tampering to End an Era

An open letter to the Israeli Mossad

BUSTED!!

Fukushima SABOTAGE!

Mails from Japan, the true perspective

WHY THE SILENCE IN NEBRASKA?

Special update for Japanese readers

Tainted Nightmare

Truth Project

Upcoming Articles

Is Intel’s Sandy Bridge on a road to nowhere?

Antidepressant Nightmare

Mut

Posted in Conspiracy Archives, Earth Changes, Economic Upheavals, Exopolitical Interventions, Geo-Politics, Rated R, Truthout Articles, War Quotient | Tagged: , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Did the Dimona Dozen murder the Fukushima 50? 3/11 was Japan’s 9/11. It’s all documented folks!

‘Proposal for FDI in domestic carriers sent to commerce ministry’

Posted by Admin on February 26, 2012

http://in.finance.yahoo.com/news/proposal-fdi-domestic-carriers-sent-091006069.html

IANS – Thu 23 Feb, 2012 2:40 PM IST

New Delhi, Feb 23 (IANS) A proposal has been sent to the commerce ministry to permit foreign carriers invest in India‘s cash-strapped private airlines, Civil Aviation Minister Ajit Singh said Thursday.

“We have sent the proposal to them,” Singh told reporters here.

However, he did not divulge any timeframe for the cabinet to examine the matter.

Foreign airlines are currently not allowed to directly invest in Indian carriers for security reasons. However, 49 percent FDI is allowed by non-airline players.

On Jan 17, a group of ministers (GoM) headed by Finance Minister Pranab Mukherjee agreed to draft a cabinet note proposing a 49 percent cap on FDI by foreign carriers in domestic airlines.

Before the Jan 17 decision, various government departments had proposed different investment caps – from 24 percent to 26 percent. The commerce ministry’s Department of Industrial Policy and promotion (DIPP) had suggested a 26 percent cap.

“Private airlines in the country are in need of funds for operations and service upgrades to compete with global carriers,” said the DIPP note.

Industry sources say the fresh infusion of investment would give a lifeline to the struggling sector, which bears the brunt of high jet fuel prices caused by state levies and high interest cost of their debt.

“The current financial position of Indian carriers is extremely challenging. FDI by global airlines in India would be a very welcome step,” Amber Dubey, director (Aerospace) for consultancy firm KPMG told IANS.

“It will provide access to global funds, routes and management expertise,” he added.

Three domestic airlines — Kingfisher, Jet and SpiceJet – have reported heavy third quarter losses.

The FDI proposal was mooted by Vijay Mallya, chairman of the cash-strapped Kingfisher Airlines.

“I am an avid supporter of FDI. I don’t see any reason why FDI from strategic partners like an airline should be banned or not permitted. Who would understand an airline better than another airline,” Mallya had asked.

Posted in Conspiracy Archives, Economic Upheavals, India Forgotten | Tagged: , , , , , , , | Comments Off on ‘Proposal for FDI in domestic carriers sent to commerce ministry’

Greek cabinet tackles austerity, rescue hopes rise

Posted by Admin on February 18, 2012

http://news.yahoo.com/more-needed-yet-elusive-greek-bailout-deal-005931736.html;_ylt=AkMlhwQqqjB3a4GMc3efm4Os0NUE;_ylu=X3oDMTNsYnRhaHM4BG1pdANUb3BTdG9yeSBGUARwa2cDN2E0ZWU3YTAtMzdlMC0zMTZkLTk1NjEtMzFhYjBlYWJiZTA5BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzMwMTljMDYwLTU5Y2MtMTFlMS05ZmVlLTM3Yzk5MWRiZTI3ZA–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

By David Stamp and George Georgiopoulos | Reuters – 4 mins 57 secs ago

ATHENS (Reuters) – Greece’s cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro ($171-billion) rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athensreduce its huge debts.

After months of often acrimonious negotiations, Greek hopes were rising that euro zone finance ministers Monday will endorse the rescue which Athens needs to avoid bankruptcy next month when major debt repayments fall due.

A statement from the office of Prime Minister Lucas Papademossaid the cabinet would discuss implementing the bailout package which demands pay, pension and job cuts on top measures that have already hit many Greeks’ living standards.

The cabinet is due to approve measures that already provoked rioting on the streets of Athens last Sunday before they go into a supplementary budget due to be put to parliament next week.

“The Greek people have done everything they can and we are determined to make good on our commitments,” Public Order Minister Christos Papoutsis told reporters as he arrived. Many EU officials remain deeply skeptical of Athens’s will to reform.

Also on the agenda is the future of the old Athens airport, a prime seafront site that lies derelict more than a decade after the new airport opened, symbolizing the wasted opportunities which have helped to reduce Greece to its knees.

Friday German Chancellor Angela Merkel, Italian Prime Minister Mario Monti and Papademos all voiced optimism about a Greek accord during a three-way conference call, Monti’s office said in a statement.

However, Jean-Claude Juncker, who will chair Monday’s meeting of the Eurogroup in Brussels, made clear that urgent work was still needed to get a program to reduce Greece’s crippling debts back on track.

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Euro zone crisis in graphics http://r.reuters.com/hyb65p

Interactive timeline http://link.reuters.com/pys56s

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MISSING THE TARGET

At stake is a target of lowering the debt from the equivalent of 160 percent of annual Greek economic output now to a more manageable 120 percent by 2020.

“All the discussions I will have … until Sunday night will try to move the figure nearer to the target,” Juncker told reporters.

At the moment, EU and IMF officials believe that target – which assumes that Greece will run a budget surplus next year, excluding the massive cost of its debts – will be missed.

Under the main scenario of an analysis by the European Commission, the European Central Bank and the International Monetary Fund, Greek debt will fall to only 129 percent of gross domestic product in 2020, one official said.

The euro zone is therefore looking at modifying a deal negotiated over many months with private creditors under which they would accept a cut of around 70 percent in the real value of their Greek bondholdings.

Senior euro zone finance officials meet Sunday to discuss the analysis and find ways to bring the debt closer to the 120 percent target before the finance ministers gather Monday.

“If you do a number of things you can bring the 129 close to 120,” one euro zone official familiar with the document said.

These might include changes to interest accrued on privately held bonds, but the EU and its national institutions might also play their part, the official said.

Interest rates on EU loans to Greece could be cut, and those national central banks in the euro zone which hold Greek bonds might accept similar terms to the private creditors on some of their holdings.

The national central banks own an estimated 12 billion euros of Greek debt. The European Central Bank has refused to take part in the complex deal for the private creditors – involving swapping old bonds for new ones with a lower face value, lower interest rates and longer maturities – and would need to approve the national central bank decision.

Officials also are considering a cut in the cash “sweetener” which would be offered to the private creditors in return for accepting the cut in the value of their bond holdings

ROCK-BOTTOM MORALE

With Greek morale at rock bottom, the national mood darkened yet further after armed thieves looted a museum Friday in Olympia, birthplace of the Olympic Games. They stole bronze and pottery artifacts weeks after the National Gallery was burgled.

A Greek newspaper suggested the state could no longer look after the nation’s immense cultural heritage properly. “The Greek state has gone bankrupt, let’s face it,” the daily Kathimerini said.

“If the state cannot guard the country’s great cultural heritage for financial or other reasons it must find other ways to do it,” the conservative daily said.

“It could, for example, turn to large foundations and ask them to assume the cost of security at the country’s important museums in the next two to three difficult years.”

Critics say years have been wasted arguing and dithering over major national decisions. This is symbolized by the old Athens airport, which is supposed to be rebuilt as a Monte Carlo-style development of housing, tourist facilities and a marina, but remains a wasteland.

Athens opened a new airport in 2001, well in time for the 2004 Olympic games, but longstanding plans to privatize it have also yet to materialize.

(Additional reporting by Dina Kyriakidou, Angeliki Koutantou and Harry Papachristou and Jan Strupczweski in Brussels; Editing by Michael Roddy)

Posted in Economic Upheavals, Geo-Politics | Tagged: , , , , , , , , , , , , | Comments Off on Greek cabinet tackles austerity, rescue hopes rise

Italian police seize $6 trillion of fake U.S. bonds

Posted by Admin on February 18, 2012

http://news.yahoo.com/italy-police-seize-6-trillion-fake-u-t-144806353.html;_ylt=AvhtJn.ZeMbZWHHPr6Q6RHSs0NUE;_ylu=X3oDMTNsc2wwYWgwBG1pdANUb3BTdG9yeSBGUARwa2cDYTI3Njg2ZDgtOGFjOC0zM2EwLWE3MGEtYzgxMWU5N2IxMDFlBHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzAyNmExNzYwLTU5YjctMTFlMS1iZWVmLTcyMjdlOWE3MGZkNg–;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

By Elisa Forte and Gavin Jones | Reuters – 14 hrs ago

POTENZA, Italy (Reuters) – Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.

The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian, Swiss and U.S. authorities after a year-long investigation, an Italian police source said.

It began as a investigation into mafia loan-sharking, but gradually expanded as prosecutors used telephone and computer intercepts to unearth evidence of illegal activity surrounding Treasury bonds.

The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks.

The U.S. Embassy in Rome thanked the Italian authorities and said the forgeries were “an attempt to defraud several Swiss banks”. It said U.S. experts had helped to identify the bonds as fakes.

Potenza’s prosecutor Giovanni Colangelo said an international network “in many countries” was behind the forgeries.

Italian daily Corriere della Sera said on its website that the criminal network was believed to be interested in acquiring plutonium, citing sources at the prosecutors’ office.

VERSAILLES

Police videos showed images of the trunks, with “Federal Reserve System, Treaty of Versailles” stamped on the side in large, golden letters.

Bond certificates marked “Chicago, Illinois, Federal Reserve Bank” and other securities, some for one billion dollars, were also shown.

U.S. bond traders took a light-hearted view of the news.

“If there’s that much less supply now, Treasuries should be rallying,” joked Kevin Flanagan, fixed-income strategist at Morgan Stanley Smith Barney.

A trader at Citigroup said he had swapped jokes with colleagues about the seizure, which would not move markets.

“It’s kind of like fake inflation I guess, if you take it to the max, but I don’t think it means that much.”

Prosecutors said the forgers had hoped to use the fake bonds as collateral to secure loans.

The eight men arrested are accused of counterfeiting bonds, credit card forgery, and loan-sharking in the Italian regions of Lombardy, Piedmont, Lazio and Basilicata, police said.

The Swiss Federal Prosecutor’s office said Zurich state prosecutors had worked on the investigation at the request of the Italian prosecutor. The Swiss handed over their findings in July last year.

In 2009, Italian financial police seized $742 billion of fake U.S. bearer bonds in the of Chiasso, on the Swiss-Italian border.

(Additional reporting by Steve Scherer and Emily Flitter; Editing by Andrew Roche)

(In 11th paragraph, corrects company name of strategist to Morgan Stanley Smith Barney, instead ofMorgan Stanley)

Fake U.S. Treasury bonds are displayed during a news conference in the southern Italian city of Potenza

  1. Fake U.S. Treasury bonds are displayed during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Chief prosecutor of Potenza Colangelo talks during a news conference in the southern Italian city of Potenza

  1. Chief prosecutor of Potenza Giovanni Colangelo (C) talks during a news conference in the southern Italian city of Potenza February 17, 2012. Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes. The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian and Swiss authorities after a year-long investigation, an Italian police source said. REUTERS/Tony Veceless 

A trunk containing fake U.S. Treasury bonds is displayed during a news conference in the southern Italian city of Potenza

  1. A trunk containing fake U.S. Treasury bonds is displayed during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Italian Carabinieri display fake U.S. Treasury bonds during a news conference in the southern Italian city of Potenza

  1. Italian Carabinieri display fake U.S. Treasury bonds during a news conference in the southern Italian city of Potenza February 17, 2012. REUTERS/Tony Vece

Posted in Conspiracy Archives, Economic Upheavals, Geo-Politics, Global Research, Press Releases, Rated R, Truthout Articles | Tagged: , , , , , , , , | Comments Off on Italian police seize $6 trillion of fake U.S. bonds

Germany, France press for rapid Greek debt deal

Posted by Admin on January 24, 2012

http://news.yahoo.com/euro-zone-finmins-rule-glacial-greek-debt-talks-083938401.html

By Daniel Flynn and Gernot Heller | Reuters – 2 hrs 8 mins ago

PARIS/BERLIN (Reuters) – Germany and France pressed on Monday for a rapid deal between Greece and its private creditors that cuts its soaring debt to sustainable levels and said they were committed to a sealing a new bailout for Athens by March to avert a disastrous default.

Euro zone finance ministers met in Brussels to discuss the terms of a Greek debt restructuring and new treaties that will pave the way for tighter fiscal discipline and a new rescue fund the bloc wants in place by mid-year.

Ahead of that meeting, French Finance Minister Francois Baroinsaid an elusive deal to convince the banks and investment funds that own Greek debt to accept deep losses on their holdings appeared to be “taking shape.”

But his German counterpart Wolfgang Schaeuble warned that any deal must help Greece cut its debt mountain to “not much more than 120 percent of GDP” by the end of the decade, from roughly 160 percent today, something many economists believe will not be achieved by the existing plan.

“The negotiations will be difficult, but we want the second program for Greece to be implemented in March so that the second (bailout) tranche can be released,” Schaeuble told a news conference in Paris with Baroin and the heads of the German and French central banks.

“Greece must fulfill its commitments, it is difficult and there is already a lot of delay,” Schaeuble said.

After several rounds of talks, Greece and its private creditors are converging on a deal in which private bondholders would take a real loss of 65 to 70 percent on their Greek bonds, officials close to the negotiations say.

But some details of the debt restructuring, which will involve swapping existing Greek bonds for new, longer-term bonds are unresolved.

Charles Dallara, the Institute of International Finance chief who is negotiating on behalf of the private debt holders, left Athens over the weekend saying banks had no room to improve their offer.

Sources close to the talks told Reuters on Monday that the impasse centered on questions of whether the deal would return Greece’s debt mountain, currently over 350 billion euros, to levels that European governments believe are sustainable.

“There will likely be an updated debt sustainability analysis that will be discussed at the Eurogroup,” a banking source in Athens said, requesting anonymity. “Talks will continue this week. The aim is to have an agreement by late next Monday.”

In Brussels, European Economic and Monetary Affairs Commissioner Olli Rehn said talks had been “moving well” and expressed confidence a deal could be sealed this week.

German Chancellor Angela Merkel said there was no question of extending Greece a bridging loan if talks with the private sector dragged on further.

The euro pushed up to its highest level against the dollar in nearly three weeks on hopes Greece and the banks could overcome differences and seal a successful debt swap.

LAGARDE DEMANDS

Speaking in Berlin not far from Merkel’s Chancellery, IMF chief Christine Lagarde urged European governments to increase their financial firewall to prevent Greece’s troubles from ensnaring bigger countries like Italy and Spain.

She also called on European leaders to complement the “fiscal compact” they agreed last month with some form of financial risk-sharing, mentioning euro zone bonds or bills, or a debt redemption fund as possible options.

Berlin opposes those steps and Merkel told a news conference with the Belgian prime minister that it was not the time to debate an increase in the euro zone’s bailout funds — the European Financial Stability Facility (EFSF) and its successor, the 500 billion euro European Stability Mechanism (ESM).

“I don’t think it is right to do one new thing then do another, let’s get the ESM working,” Merkel said, reiterating that Germany was prepared to accelerate the flow of capital into the ESM ahead of its planned introduction in mid-2012.

Italian Prime Minister Mario Monti, who has complained openly that his reform efforts have not been recognized by the markets, is reportedly pushing for the rescue fund to be doubled to 1 trillion euros. Lagarde stopped short of advocating that, saying: “I am not saying double it.”

But she did speak out in favor of folding funds from the EFSF into the ESM to give it more firepower.

The more immediate worry is Greece. Without the second bailout from the euro zone and the International Monetary Fund, Athens will not be able to pay back 14.5 billion euros in maturing bonds in March, triggering a messy default that would hurt the entire euro zone and send tremors beyond the 13-year old single currency bloc.

DETERIORATION

Euro zone leaders agreed in October that the second bailout would total 130 billion euros, if private bondholders forgave half of what Greece owes them in nominal terms.

But Greek economic prospects have deteriorated since then, which means either euro zone governments or investors will have to contribute more than thought.

A key sticking point is the coupon, or interest rate, the new Greek bonds would carry. Officials said the new bonds are likely to be 30 years in maturity and carry a progressively higher coupon, which would average out at around 4 percent.

Progress will be presented to the Eurogroup, the euro zone ministers, by Greek Finance Minister Evangelos Venizelos.

“We will listen to the Greek finance minister to hear what models there are,” said Austrian Finance Minister Maria Fekter as the talks got under way. “It is important to have a long-term model so that Greece has time … We know that the banks are not overly happy, but a crash is far more expensive than such a long-term plan.”

After dealing with Greece, euro zone ministers will choose a replacement for European Central Bank Board member Jose Manuel Gonzales Paramo, whose term ends in May.

The 17 ministers of the euro zone will then be joined by 10 ministers from the other European Union countries to finalize a treaty setting up the euro zone’s permanent bailout fund, the

ESM.

The 27 EU finance ministers will also prepare the final draft of another treaty to sharply tighten fiscal discipline in the euro zone, called the “fiscal compact,” that is designed to ensure another sovereign debt crisis cannot happen in future.

EU leaders are to sign off on both treaties at a summit on January 30, allowing the ESM to become operational in July.

(Additional reporting by Stephen Brown and Alexandra Hudson in Berlin, Leigh Thomas in Paris, Lefteris Papadimas and Ingrid Melander in Athens; Writing by Noah Barkin and Jan Strupczewski, editing by Mike Peacock/Jeremy Gaunt)

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‘Aftershock’ Book Predicts Economic Disaster Amid Controversy

Posted by Admin on January 21, 2012

http://www.newsmax.com/Newsfront/Aftershock-book-predicts-economic/2011/07/25/id/404782?utm_source=outbrain&utm_title=?Aftershock?-Book-Predicts-Economic-Disa

Monday, July 25, 2011 04:41 PM

Robert Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown,” quickly is becoming the survival guide for the 21st century. And Newsmax’s eye-opening Aftershock Survival Summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world — but not without ruffling a few feathers.

Initially screened for a private audience, this gripping video exposed harsh economic truths and garnered an overwhelming amount of feedback.

“People were sitting up and taking notice, and they begged us to make the video public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.

But that wasn’t as simple as it seems. Various online networks repeatedly shut down the controversial video. “People were sending their friends and family to dead links, so we had to create a dedicated home for it,” DeHoog said.

(Editor’s Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)

This wasn’t the first time Wiedemer’s predictions hit a nerve. In 2006, he was one of three economists who co-authored a book correctly warning that the real estate boom and Wall Street bull run were about to end. A prediction Federal Reserve Chairman Ben Bernanke and his predecessor, Alan Greenspan, were not about to support publicly.

Realizing that the worst was yet to come, Wiedemer and company quickly penned “Aftershock.” However, just before it was publicly released, the publisher yanked the final chapter, deeming it too controversial for newsstand and online outlets such as Amazon.com.

“We got lucky,” DeHoog said. “I happened to read the original version, which contained this ‘unpublished chapter,’ which I think is the most crucial in the entire book. Wiedemer gave Newsmax permission to share this chapter with our readers.”

With daily economic forecasts projecting doom and gloom and no recovery in sight, people need to learn how to survive economic disaster. During the past quarter alone, unemployment skyrocketed to 9 percent. Inflation continues to soar and the U.S. national debt crisis is still on the fence between raising the debt ceiling or massive budget cuts, with no resolution in sight.

During Newsmax’s Aftershock Survival Summit video, Wiedemer discusses the dire consequences of Washington, D.C.’s, bipartisan, multi-decade “borrow-and-spend” agenda. He also explores the inflation nightmare, the impending plunge in home prices, the looming collapse of the stock and bond markets, a possible historic surge in unemployment, and how to survive what life in America will be like in the days of the “Aftershock.”

Despite appearances, Aftershock is not a book with the singular intention of scaring the heck out of people. Although it does provide a harsh outlook for the economic future of America, the true value lies in the wealth of investment tips, analyses, predictions, budget advice, and sound economic guidance that people can act on immediately, offering a ray of recovery hope and an indispensable blueprint for life after shock.

Viewers of Newsmax’s Aftershock Survival Summit video heard detailed advice for handling credit card debt, home and car loans, life insurance, unemployment issues, how to beat inflation, making personal budget cuts and many more recovery tools to survive the economic aftershock. They also took advantage of a special Newsmax offer for a free copy of the new edition of “Aftershock,” which includes the final “unpublished chapter.”

(Editor’s Note: Watch Bob Wiedemer’s Aftershock Survival Summit video)

For a limited time, Newsmax is showing the Aftershock Survival Summit and supplying viewers with free copies of the “Aftershock” book (while supplies last).

© Newsmax. All rights reserved.

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Basel III norms will kick-start from January 1, 2013

Posted by Admin on January 1, 2012

http://www.thehindu.com/business/Economy/article2761226.ece?css=print

By

K. T. Jagannathan

The Reserve Bank of India draft guidelines prescribe minimum capital requirements and also capital conservation buffer. Photo: Paul Norionha
Photo: Paul Norionha
The Reserve Bank of India draft guidelines prescribe minimum capital requirements and also capital conservation buffer.

Reserve Bank of India prescribes Tier I capital at 7 per cent of risk-weighted assets

The implementation of Basel III capital regulation will kick-start from January 1, 2013. It will be fully implemented by March 31, 2017. The Reserve Bank of India indicated this while releasing the draft guidelines outlining the proposed implementation of Basel III capital regulation in India.

These guidelines are in response to the comprehensive reform package entitled ‘Basel III: A global regulatory framework for more resilient banks and banking systems’ of the Basel Committee on Banking Supervision (BCBS), issued in December, 2010.

The draft guidelines prescribe minimum capital requirements and also capital conservation buffer.

The apex bank has said that the common equity Tier-1 (CET1) capital must be at least 5.5 per cent of the risk-weighted assets (RWAs). While stating that the Tier-1 capital must be at least 7 per cent of RWAs, it has proposed the total capital to be at least 9 per cent of RWAs. The implementation period of minimum capital requirements and deductions from common equity will begin from January 1, 2013, and be fully implemented as on March 31, 2017. Under the Basel III norms, Tier-I capital should predominantly consist of common equity.

The objective is to improve the quality of capital.

The draft guidelines have also proposed a capital conservation buffer in the form of common equity of 2.5 per cent of RWAs.

The capital conservation buffer is designed to ensure that banks build up capital buffers during normal times (that is, outside periods of stress), which can be drawn down as losses incurred during the stressed period. The requirement is based on simple capital conservation rules designed to avoid breaches of minimum capital requirements. The capital conservation buffer in the form of a common equity will be phased in over four years in a uniform manner. The capital conservation buffer requirement is proposed to be implemented between March 31, 2014, and March 31, 2017.

The draft guidelines have also indicated that a counter-cyclical buffer within a range of 0-2.5 per cent of common equity or other fully loss absorbing capital will be implemented according to national circumstances.

“The purpose of counter-cyclical buffer is to achieve the broader macro-prudential goal of protecting the banking sector from periods of excessive aggregate credit growth,” the Reserve Bank says. The counter-cyclical capital buffer would be introduced as an extension of the capital conservation buffer range.

The implementation schedule indicated above, however, will be finalised taking into account the feedback received on these guidelines.

According to the guidelines, instruments, which no longer qualify as regulatory capital instruments, will be phased out during the period beginning from January 1, 2013, to March 31, 2022.

For OTC derivatives, in addition to the capital charge for counterparty default risk under current exposure method, banks will be required to compute an additional credit value adjustments (CVA) risk capital charge.

The parallel run for the leverage ratio will be from January 1, 2013, to January 1, 2017, during which banks are expected to strive to operate at a minimum Tier-1 leverage ratio of five per cent.

The leverage ratio requirement will be finalised taking into account the final proposal of the Basel Committee.

The apex bank has said comments/feedback on the draft guidelines, including implementation schedule, should be sent by February 15, 2012.

Keywords: Basel III capital regulationRBI

Also go to

http://www.moodysanalytics.com//basel3implementation2011

to download the Implementing Basel III: The Challenges, Options & Opportunities Whitepaper

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Mega Fail: 17 Signs That The European Financial System Is Heading For An Implosion Of Historic Proportions

Posted by Admin on December 22, 2011

http://www.pakalertpress.com/2011/12/14/mega-fail-17-signs-that-the-european-financial-system-is-heading-for-an-implosion-of-historic-proportions/

Posted on  on December 14, 2011 // Leave Your Comment

The Economic Collapse

What happens when you attempt a cold shutdown of one of the biggest debt spirals that the world has ever seen?  Well, we are about to find out.  The politicians in Europe have decided that they are going to “take their medicine” and put strict limits on budget deficits.  They have also decided that the European Central Bank is not going to engage in reckless money printing to “paper over” the debts of troubled nations.  This may all sound wonderful to many of you, but the reality is that there is always a tremendous amount of pain whenever a massive debt spiral is interrupted.  Just look at what happened to Greece.  Greece was forced to raise taxes and implement brutal austerity measures.  That caused the economy to slow down and tax revenues to decline and so government debt figures did not improve as much as anticipated.  So Greece was forced to implement even more brutal austerity measures.  Well, that caused the economy to slow down even more and tax revenues declined again.  In Greece this cycle has been repeated several times and now Greece is experiencing a full-blown economic depression.  100,000 businesses have closed and a third of the population is living in poverty.  But now Germany and France intend to impose the “Greek solution” on the rest of Europe.  This is going to create the conditions needed for a “perfect storm” to develop and it means that the European financial system is heading for an implosion of historic proportions.

The easiest way to deal with a debt spiral is to let it keep going and going.  That is what the United States has done.  Sure, “kicking the can down the road” makes the crisis much worse in the long run, but bringing the pain into the present is not a lot of fun either.

Europe has decided to do something that is unprecedented in the post-World War II era.  They have decided to put very strict limits on budget deficits and to impose tough sanctions on any nations that break the rules.  They have also decided that they are not going to allow the European Central Bank to fund the debts of troubled nations with reckless money printing.

Without a doubt, this is a German solution for a German-dominated Europe.  Germany does not want to pay for the debt mistakes of other EU nations, and so they are shoving bitter austerity down the throats of those that have gotten into too much debt.

But this solution is not going to be implemented without a massive amount of pain.

In fact, this solution is going to make a massive financial collapse much more likely.  The following are 17 signs that the European financial system is heading for an implosion of historic proportions….

#1 As noted above, when you reduce government spending you also slow down the economy.  We have already seen what brutal austerity has done to Greece – 100,000 businesses have shut down, a third of the population is living in poverty and there is rioting in the streets.  Now that brand of brutal austerity is going to be imposed in almost every single nation in Europe.

#2 As the economy slows down in Europe, unemployment will rise.  There are already 10 different European nations that have an “official” unemployment rate of over 10 percent and the next recession has not even officially started yet.

#3 Before it is all said and done, the EU nations that are drowning in debt will likely need trillions of euros in bailout money just to survive.  But at this point Germany and the other wealthy nations of northern Europe are sick and tired of bailouts and do not plan to hand over trillions of euros.

#4 The European Central Bank could theoretically print up trillions of euros and buy up massive amounts of European sovereign debt, but this would go against existing treaties and most of the major politicians in Europe are steadfastly against this right now.  But without such intervention it is hard to see how the ECB will be able to keep bond yields from absolutely skyrocketing for long.  In fact, without massive ECB intervention it is hard to see how the eurozone is going to be able to stay together at all.  Graeme Leach, the chief economist at the Institute of Directors, said the following recently….

“Unless the ECB begins to operate as a sovereign lender of last resort function, with massive purchases of eurozone public debt, the inexorable logic is that the eurozone will break up.”

#5 European leaders are hoping that the new treaty that was just agreed to will be ratified by the end of the summer.  In reality, it will probably take much longer than that.  German Chancellor Angela Merkel has made it clear that the solution to this debt crisis is going to take a long time to implement….

“It’s a process, and this process will take years.”

Unfortunately, Europe does not have years.  Europe is rapidly running out of time.  A massive financial crisis is steamrolling right at them and they need solutions right now.

#6 Sadly, the cold, hard reality of the matter is that none of the fundamental problems that Europe is facing were fixed by this recent “agreement” as Ambrose Evans-Pritchard recently noted in one of his columns….

There is no shared debt issuance, no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM rescue fund, and no change in the mandate of the European Central Bank.

In short, there is no breakthrough of any kind that will convince Asian investors that this monetary union has viable governance or even a future.

Germany has kept the focus exclusively on fiscal deficits even though everybody must understand by now that this crisis was not caused by fiscal deficits (except in the case of Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.

#7 Nobody wants to lend to European banks right now.  Everyone knows that there are dozens of European banks in danger of failing, and nobody wants to throw any more money into those black holes.  The U.S.Federal Reserve and the European Central Bank have been lending them money, but a lot of European banks are already starting to run out of “acceptable forms of collateral” for those loans as one Australian news source recently explained….

“If anyone thinks things are getting better, they simply don’t understand how severe the problems are,” a London executive at a global bank said. “A major bank could fail within weeks.”

Others said many continental banks, including French, Italian and Spanish lenders, were close to running out of the acceptable forms of collateral, such as US Treasury bonds, that could be used to finance short-term loans.

Some have been forced to lend out their gold reserves to maintain access to US dollar funding.

So will the U.S. Federal Reserve and the European Central Bank keep lending them money once they are out of acceptable collateral?

If not, we could start to see banks fail in rapid succession.

Charles Wyplosz, a professor of international economics at Geneva’s Graduate Institute, is absolutely certainthat we are going to see some major European banks collapse….

“Banks will collapse, including possibly a number of French banks that are very exposed to Greece, Portugal, Italy and Spain.”

#8 Not only does nobody want to lend money to them, major banks all over Europe are also dramatically cutting back on lending to consumers and businesses as they attempt to meet new capital-adequacy requirements by next June.

According to renowned financial journalistAmbrose Evans-Pritchard, European banks need to reduce the amount of lending on their books by about 7 trillion dollars in order to get down to safe levels….

Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the US and Japan, threatening to trap the region in a credit crunch and chronic depression for a decade.

When nobody wants to lend to the banks, and when the banks severely cut back on lending to others, that is called a “credit crunch”.  In such an environment, it is incredibly difficult to avoid a major recession.

#9 European banks are absolutely overloaded with “toxic assets” that they are desperate to get rid of.  Just as we saw with U.S. banks back in 2008, major European banks are busy trying to unload mountains of worthless assets that have a book value of trillions of euros.  Unfortunately for the banks, virtually nobodywants to buy them.

#10 European bond yields are still incredibly high even though the European Central Bank has spent over 274 billion dollars buying up European government bonds.

Up until now, the European Central Bank has been taking money out of the system (by taking deposits or by selling assets for example) whenever it injects new money into the system by buying bonds.  That makes this different from the quantitative easing that the U.S. Federal Reserve has done.  But at some point the European Central Bank is going to run out of ways to take money out of the system, and when that happens either the Germans will have to allow the ECB to print money out of thin air to buy bonds with or we will finally see the market determine the true value of European government bonds.

#11 Bond yields are going to become even more important in 2012, because huge mountains of European sovereign debt are scheduled to be rolled over next year.  For example, Italy must roll over approximately 20 percent of its entire sovereign debt during 2012.

#12 Once the new treaty is ratified, eurozone governments will lose the power to respond to a major recession by dramatically increasing government spending.  So if the governments of Europe cannot spend more money in response to the coming financial crisis, and if the ECB cannot print more money in response to the coming financial crisis, then what is going to keep the coming recession from turning into a full-blown depression?

#13 Credit rating agencies are warning that more credit downgrades may be coming in Europe. For example, Moody’s recently stated the following….

“While our central scenario remains that the euro area will be preserved without further widespread defaults, shocks likely to materialise even under this ‘positive’ scenario carry negative credit and rating implications in the coming months. And the longer the incremental approach to policy persists, the greater the likelihood of more severe scenarios, including those involving multiple defaults by euro area countries and those additionally involving exits from the euro area.”

#14 S&P has put 15 members of the eurozone (including Germany) on review for a possible credit downgrade.

#15 The stock prices of many major European banks are in the process of collapsing.  If you doubt this, just check out the charts in this article.

#16 Bank runs have begun in some parts of Europe.  For example, a recent article posted on Yahoo Newsdescribed what has been going on in Latvia….

Latvia’s largest bank scrambled Monday to head off a run among depositors who were gripped by rumours of the bank’s imminent ruin.

Weekend rumours that Swedbank was facing legal and liquidity problems in Estonia and Sweden sent thousands of Latvians to bank machines on Sunday, with some lines reaching as many as 50 people.

The Greek banking system is literally on the verge of collapse.  According to a recent Der Spiegel article, the run on Greek banks is rapidly accelerating….

He means that the outflow of funds from Greek bank accounts has been accelerating rapidly. At the start of 2010, savings and time deposits held by private households in Greece totalled €237.7 billion — by the end of 2011, they had fallen by €49 billion. Since then, the decline has been gaining momentum. Savings fell by a further €5.4 billion in September and by an estimated €8.5 billion in October — the biggest monthly outflow of funds since the start of the debt crisis in late 2009.

#17 There are already signs that European economic activisty (as well as global economic activity) is really starting to slow down.  Just consider the following statistics from a recent article by Stephen Lendman….

In November, French business confidence fell for the eighth consecutive month. In October, Japanese machinery orders dropped 6.9%, following an 8.2% plunge in September.

South Africa just reported a 5.6% drop in manufacturing activity. Britain recorded a 0.7% decline. China’s October exports fell 1.7% after dropping 3.8% in September.

Korea’s exports are down three consecutive months. Singapore’s were off in September and October. Indonesia’s plunged 8.5% in October after slipping 2% in September. India’s imploded 18.3% after being flat in September.

Are you starting to get the picture?

Europe is in a massive amount of trouble.

The equation is simple….

Brutal austerity + toxic levels of government debt + rising bond yields + a lack of confidence in the financial system + banks that are massively overleveraged + a massive credit crunch = A financial implosion of historic proportions

Unless something truly dramatic happens, the economy of Europe is a dead duck.

There is no way that Europe is going to be able to substantially reduce the flow of money coming from national governments and substantially reduce the flow of money coming from the banks and still be able to avoid a major recession.

Look, I want it to be very clear that I am in no way advocating government debt in this article.  It is just that under the debt-based monetary paradigm that we are all operating under, there is no way that you can dramatically reduce government spending without experiencing a whole lot of pain.

An economic “perfect storm” is developing in Europe.  All of the things that need to happen for a major recession to occur are falling into place.

So does anyone out there disagree with me?  Does anyone think that Europe is going to be just fine?

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