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Posts Tagged ‘JPMorgan Chase’

October 27, 2011 – White Hats Report #31

Posted by Admin on October 28, 2011

http://tdarkcabal.blogspot.com/2011/10/october-27-2011-white-hats-report-31.html

BUSH SR. – THE “KING” IS LOSING HIS MIND – How can a Stage Two Alzheimer Patient continue to terrorize American and  World Leaders!?

America is in grave danger by Washington Autocracy who have continued to fail to address the criminal actions of Bush Senior’s Dark Cabal who are in collusion with renegade bankers to destroy not only America’s, but the entire World’s financial system.  America is not immune to the collateral damage from other countries, because our financial systems and currencies have become homogeneous and interdependent. An unchecked system has allowed the greed, self interest, and criminal activities of a few to prosper while the rest of the world collapses.  JP Morgan Chase, Goldman Sachs, Bank of America, Citibank and Wall Street stand ready to fall, as they are cross invested in the European Union with substantial loans and trading portfolios.   America is in a free-fall led by a clueless President who is involved in vast criminal manipulations, a puppet on a string controlled by Bush Senior’s Cabal and George Soros.

As the global financial system spirals faster and faster to a bankrupt state, Bush Senior and Obama plan for their next move.  Obama is preparing for his exit as a failed one term President, with Senior allowing him to spend more time congregating his stolen offshore bank funds, which we last reported exceeded 11 Billion Dollars.  He has degradated America with the ultimate scam.  And a long time ago Bush Senior started to make plans for his escape.  Hence, the Bush family, Soros and cohorts over the last several weeks have been flying in mass equipment and assets to their heavily fortified 100,000 plus acre Paraguay Ranches.  As the World’s major financial system collapses, their plan is to take all their stolen assets and escape to the old Nazi Safe Haven immune from extradition. The Paraguayan newspapers have already announced the future arrival of the Bush family.   Our justice system is neutered to stop and apprehend them.  The world looks at America aghast with disbelief.

By the end of next week investigators will have completed a comprehensive report on Bush Senior, exposing the location of his stolen global banking funds.  Upon completion we will also detail an expose of Obama’s fraudulent funds.  Furthermore, this information will be made available to the proper global authorities for future criminal investigations.

As the G20 countries struggle for a global financial solution, Chancellor Angela Merkel and Nicholas Sarkozy now realize their own survival is being threatened and entrapped with the sinking ship.  They see the demise of Bush Senior’s power and the disintegration of the old Cabal.   Although they both understand that Bush Senior’s Dark Cabal still has some power,  the encroaching reality that Bush Senior has entered the second phase of dementia is now perceived that it is time to review Geo Political loyalties.   Simply stated, “The King is losing his mind,” but make no mistake that even now Senior is still calling all the shots.   Obama, Geithner, Bush Junior, the Clintons and other of the co-conspirators are still moving to the will of the puppet master.

As an example of Bush Senior’s control, as we have viewed from recent European Union events, we are very concerned that the present actions of Chancellor Merkel may possibly reveal that Bush Senior or his co-conspirators may be bribing or threatening Merkel if she does not prevent or derail by any means a solution to the European financial crisis.  Remember the Cabal’s new world order can only succeed with the failure of the global financial system.

Even though Bush Senior maintains control over some of the political powers, we are seeing signs of his collapse.  We have reported that Josef Ackermann played a focal role in conjunction with Bush Senior, but due to Josef Ackermann’s clear criminal exposure and visibility via the White Hats, the Bilderbergs have now severed their relationship with Ackermann in hopes of preventing criminal activities encroaching on them.  Ackermann’s wheels are coming off.   Dr. Michael Herzog has threatened to tell all when he is arraigned over the Falcone fraud executed by Ackermann, Mitt Romney, Bush Senior and other co-conspirator’s associates.   We can now report from further investigation that Bush Senior, Mitt Romney and Josef Ackermann made approximately 3 Billion Dollars together with their criminal partners Dr. Michael Herzog and Paul Guenette stealing from Edward Falcone.  The CIA was also a recipient of Falcone’s stolen funds.   Ben Bernanke tracked this transaction following Falcone’s stolen funds, but later took no action due to pressure from Bush Senior.   How will the new CIA director, an honorable man and true patriot, react to this?

Now that we see signs of the collapse of the Dark Cabal, a demented King slowly losing his mind to Stage Two Alzheimers and a President perceived by the world as greatly inept with his moral authority lost and his moral compass destroyed, the World is ready for a financial and political reset.   We have reported that money exists via the World Global Settlements and lawful obligations by the United States Treasury to patriotic individuals which would more than suffice to regenerate the World Global economies.

The United States Treasury and Federal Reserve have been offered a simple and fast way out of our dilemma:

  1. Return the long overdue funds rightfully owed to patriotic Americans.
  2. Release the World Global Settlements.
  3. Repay what was stolen from Tropos Capital and all other missing funds.

The Federal tax revenue alone will eliminate our national debt.  This responsible action will immediately channel major US humanitarian and global infrastructure projects.  This will immediately help resolve the Euro financial dilemma, create millions of jobs through industrial projects and new technologies, while building a new foundation that will not only benefit America, but financially stabilize the World.

Edward Falcone is another American Investor ruthlessly betrayed in a Bush Senior fraudulent transaction.  Falcone has planned substantial construction investment projects to develop and aid communities in Florida and other US states, which would create jobs and income security for Americans.  Via an audit review, over 800 Billion Dollars has been created by inter-Bank compound trading with Falcone’s stolen funds.  Based on Falcone’s stolen funds, the British Tax Authority may have missed 160 Billion (US Dollars) in tax revenue.  This does not include all the other transactions that could possibly run into the trillions of dollars in tax revenue owed to the British Government.  The largest beneficiary of these funds was the CIA, and secondly Bush Senior, whose accounts we are presently tracking.  Instead of Falcone’s earned capital going as planned to help America, it has triggered theft and bribery of corrupt Politicians.

Remember, we reported a Two Hundred Million Dollar bribe taken by Vice President Joe Biden, offered by Hillary Clinton, acting for Bush Senior.   Of the 3 Billion dollars reported above, Mitt Romney alone, acting with Bush Senior was paid over $1 Billion to front for Bush Senior.  This money was stolen from Falcone’s program.  Falcone and his associates have already communicated with key Republican Senators and their plan to remove Romney as a Presidential candidate by filing a Federal lawsuit against Romney, Bush Senior and his associates.  Falcone is using the same strategy now as he did when Romney was a Vice Presidential candidate for John McCain.  Just when he is most vulnerable and a likely candidate, Falcone will share the incriminating evidence and have Romney removed.  The White Hats will make sure that all opposition parties are aware of the details of Romney’s corruption. Romney cannot be allowed to be elected as yet another corrupt and bribe-taking United States President.

This whole saga of Political and Banking corruption was predicated upon large scale use of London Banking, operating via nominee and hidden offshore accounts.  Trillions of dollars have been traded in a series of bank programs making a total mockery of the humanitarian intent of these programs.  Political entities and persons in high level positions have been bought off.  Even the Bank of England itself is implicated in the Falcone affair along with Barclays, Deutsche Bank and HSBC Bank.

This corrupt practice has now been exposed to the House of Lords and the Parliamentary Audit Committee under Margaret Hodge.  While pressures and roadblocks will be imposed to delay investigations, once this gets into the hands of the opposition MP’s, Unions and media, exposure will create a Tsunami of redress consequences.  It will blow the lid off in a fire storm of retribution.   There are possibly Trillions in withholding Taxes which have been avoided, and will face enforced collection by the Revenue Commissioners in London once appraised.  The UK’s own Fiscal dilemmas can be resolved by simple Tax enforcement and conspiring Bankers being brought to justice.   Murdoch’s own media interests will be well served to expose this as Political dynamite but that has a lot to do with what the Bildeberg’s direct him to do.    The Federal Reserve Bank of New York has no idea of the extent of their files being held, corruption activities becoming known and being systematically tracked.   As this is exposed to the European Union and British media, IT’S GAME OVER!   Watergate will look like a Kindergarten birthday party.

THE WORLD GLOBAL SETTLEMENTS MUST BE RELEASED TODAY!   Also, the Iraqi Dinar revaluation is a cross-linked element of the solution, but compromised by Bush family interests and co-conspirators who have demanded and received twenty percent (20%) of the Forex differential, when exchange valuations are set to underpin the new currency.   In demonstration of the collusion between Bush and Obama, Obama has agreed to this “fee” for the Bush family.  Yet Obama, nor any one person in the Administration, is willing to provide a justifiable and legal position for this “fee”.

Will Obama finally realize he is being cut loose and that Senior has no more use for him?  Does he realize that he is expendable and will take the major part of the fall?  Can Obama be so blind or is Valarie Jarret not serving the interests of the President and thereby the interests of the American people?   Senior has allowed him to steal in excess of 11 Billion dollars in fraudulent funds.  Will Obama wake up and realize that Senior will never allow him to use these funds?  THE ONLY CHOICE FOR OBAMA IS TO USE HIS EXECUTIVE POWERS AND RELEASE ALL THE WORLD GLOBAL SETTLEMENTS IMMEDIATELY!   He still has the power to do what is right, but will his moral compass continue to be self edifying?  Obama alone will take the final punishment and be the end of his own demise.

All this and so much more has and will continue to be unveiled.  Pay what is lawfully owed and get Americans back to work.  Let real Patriots get Projects started.  Investigate and start the political and banking clean-up NOW!

What happens in the next few days may be the most important events in the history of mankind.

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There’s No Way In Hell We’re Making It To Nov 2012

Posted by Admin on September 30, 2011

http://beforeitsnews.com/story/1152/460/There_s_No_Way_In_Hell_We_re_Making_It_To_Nov_2012.html

Tue Sep 27 2011 19:41

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Adding to last night’s BBC spot of Mr. Rastani’s truth-telling, we have yet another experienced market trader telling the full-monty of truth:

Here is a piece from ZeroHedge.com that hopefully will make you all understand, once and for all, that this ain’t the 1930′s, and that there is absolutely no way in hell that this Republic is going to make it to November 2012.

Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?

Summary: The five largest banks in the U.S. (JP Morgan Chase, Citibank, Bank of America, Goldman Sachs and HSBC) are carrying $238 TRILLION dollars in derivative exposure. JP Morgan alone is carrying $78 TRILLION in derivative exposure BY ITSELF.

Okay, what the hell is derivative exposure? What this is referring to are over-the-counter non-exchange traded forward delivery (or “futures”) contracts of various kinds. I am a futures broker, but I only execute futures contracts on the futures exchanges, namely the Chicago Mercantile Exchange and the New York Mercantile Exchange. About ten years ago a new “novelty” emerged in the futures business – the so-called “over-the-counter” contracts. There was a kid in the office I worked in who got wind of this and had all kinds of stars in his eyes about making a killing off of these “OTC” contracts because the brokers’ commissions were not a flat fee but a percent of the contract value. Here’s the problem with OTC contracts: there is no exchange standing between the buyer and seller as a guarantor.

In my business, when a customer executes a trade on a futures or options contract, it makes no difference who the other guy is on the other side of the trade, be it executed electronically or in the pit. None of us have to worry for a second about the counterparty on our executions because the EXCHANGE ITSELF stands between ALL transactions as the ultimate guarantor. The exchange then enforces the financial requirement rules with the Clearing Houses, the Clearing Houses enforce the financial requirement rules with the brokers, and the brokers enforce the financial requirement rules with the customers. That is the chain of financial responsibility. So, even if a customer bugs out and fails to financially perform on a contract, the contract WILL BE MADE GOOD by extracting the money from the broker, then the Clearing House and finally the Exchange.  This massive enforcement buffering is what gives the system integrity.

OTC contracts have no exchange. They are a flipping free-for-all. If someone bugs out on a contract, the poop hits the fan. The counterparty has their pants around their ankles and the broker is caught in the middle. That’s why when that kid in my office years ago got all starry-eyed, I thought to myself, “I wouldn’t do that OTC crap if you put a gun to my head – no matter what the commissions were. It would be Russian Roulette. Eventually someone would default and it would financially destroy the broker instantly, and perhaps the counterparty as well.”

Let’s take my business – cattle futures. One contract is 40,000 pounds of live cattle. The spot contract settled at $119.725 per hundred pounds today. So, 40,000 pounds X $1.19725 (shift the decimal) = $47,890 total value of the contract. Since this is an exchange traded instrument, the customer doesn’t really don’t have to worry about default and can go ahead and book that $47,890 today, and it will be offset at a later time, and the net of the entry and exit will be the P&L. The contract isn’t going to default, so the derivative exposure is limited.

Okay. These banks are carrying these OTC futures contracts with NO exchange to guarantee anything. And they are carrying these contracts largely WITH EACH OTHER. So JP Morgan might be the long and Goldman Sachs, or some insolvent bank in Europe is the short on the other side. If these banks default, which is now a mathematical certainty because they are not only insolvent, but insolvent multiple times over and there isn’t enough money in the world to bail them out, there is going to be a cascading default on all of these OTC contracts.

Now look at the value and exposure of these OTC derivatives again: the top 5 banks in the US alone have exposure of $238 TRILLION dollars.

The total GDP of the United States is $14.5 Trillion.

The total GDP of China is $6 Trillion.

The total land mass on earth is 36.8 billion acres. If every acre of land on earth was “sold” for $6467 per acre, that would total $238 Trillion.

JP Morgan BY ITSELF has derivative exposure equal to over FIVE TIMES the value of the entire US GDP.

And no, there will not be a 1:1 offsetting in a collapse, because the collapse will be asymmetrical, and the bankrupt party will first pursue FULL payment on its “longs” (think of these as accounts receivables) while its “shorts” (accounts payable) will only pay out 20 cents on the dollar OR LESS. In other words, these entities will tear each other apart in a mad dogfight and this dogfight will take the entire world down with it.

TWO HUNDRED AND THIRTY-EIGHT TRILLION DOLLARS.

AND THAT IS JUST FIVE BANKS.

AND THE MASSIVELY CORRUPT AND INCOMPETENT SECURITIES REGULATORS, BOTH GOVERNMENTAL AND PRIVATE, SAT BY AND WATCHED THIS HAPPEN. That is what happens when you let a group of criminals run a bureaucracy of affirmative action hires to “audit” the financial industry. Scroll down and read my post titled “There Must Be A Reckoning.”

It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.

Ann Barnhardt – Barnhardt Capital Management, Inc.

I’m going to add to what Ann has explained so well:

By the end of 2007, all the Too-Big-to-Fail (TBTF) banks were writing these things hand-over-fist because they already knew they were in doo-doo.  All this did was put massive leverage into the system…..debt, leveraged upon debt, with no asset value behind much of it.   And here is where it gets truly ugly for my conservative friends who refuse to look at Wall Street as the criminals they are: THEY DID THIS KNOWING FULL WELL THE MAJORITY OF THE DERIVATIVES THEY WERE CREATING WERE FRAUDULENT AND BACKED BY NOTHING.   How do I know this?  A myriad of lawsuits filed all over the country with a literal shitton of depositions on discovery.  These are not lawsuits filed by merely disgruntled foreclosure victims; these are lawsuits filed by large insurance companies like Allstate and MetLife, and even The Federal Housing Finance Agency (FHFH) because they all realized far too late that they’d been sold worthless crap.  This is not to mention how adamantly the TBTFs have lobbied against any whiff of the idea of forcing these things onto an exchange where they would be made transparent.  That’s pretty much a tipoff that they’re hiding something very bad.  If the used car salesman won’t let you look under the hood, you can be pretty sure there’s something there you won’t like much.

The idea Wall Street had here with creating these fraudulent pieces of toxic waste was that if even a fraction of these ‘paid out’ for them, they could ‘save themselves.’  Unfortunately this doesn’t work when Wall Street runs out of suckers; you know, pension plans, insurance companies, retail investors and other places they could sell these things to without anyone understanding what they were buying.  Most importantly, when they ran out of suckers they could put into home loans they couldn’t afford, this was the beginning of the end and the whole scheme began to unravel.

Even better, our government not only looked the other way when they were made aware of what was going on, they began to aid and abet the criminal activity….because the TBTFs convinced the government that ‘economic meltdown could be avoided’ if they were just given time for the ‘asset values to come back.’  THIS whole game was facilitated by none-other than Hank Paulson.  You know, ‘Mr-I-Have-A-Bazooka.’

Our entire global economy is a giant Ponzi Scheme.  Makes Social Security look like a rounding error.  This also gives one a better perspective on the stock market movements.  (Yeah, 400 point Dow Jones Industrial ranges in a day is a ‘stable market’.)  What the market is now is merely the TBTF banks chasing government cheese.  Where is the next bailout coming from?  Wherever they THINK it is (and since they push for it, they have a good idea), they front run it and pile in, using HFT to try to position better than the next TBTF.  Who is going to get the next ‘exemption from the law’?  Wherever they think THAT is coming next, again, they go ‘all-in’ – thus providing the massive swings in the market with both bonds (treasuries and corporate debt) and stocks.   Any idea that there is ANYTHING left of a ‘free-market’ is a LIE.  Wake up and smell the Ponzi conservatives, and stop defending the criminals with your cries of ‘it’s anti-capitalist to protest against Wall Street.’  It’s not about your neighbor getting a free house, it’s about massive, global, legalized financial rape.

Wall Street a/k/a the Too-Big-To-Fails are chasing corruption.  They’re chasing legalized theft sanctioned by our government and you can watch it in real-time every day….just pull up a stock chart.  Any stock chart.

Have a nice day.

Perhaps now you will start screaming STOP THE LOOTING & START PROSECUTING!

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Fed Will Release Bank Loan Data as Top Court Rejects Appeal

Posted by Admin on April 10, 2011

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http://www.bloomberg.com/news/2011-03-21/fed-must-release-bank-loan-data-as-high-court-rejects-appeal.html

By Greg Stohr and Bob Ivry – Mar 21, 2011 9:52 PM GMT+0530

The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view.

The justices today left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News’s parent company, Bloomberg LP. The Clearing House Association LLC, a group of the nation’s largest commercial banks, had asked the Supreme Court to intervene.

“The board will fully comply with the court’s decision and is preparing to make the information available,” said David Skidmore, a spokesman for the Fed.

The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window. The disclosures, together with details of six bailout programs released by the central bank in December under a congressional mandate, would give taxpayers insight into the Fed’s unprecedented $3.5 trillion effort to stem the 2008 financial panic.

“I can’t recall that the Fed was ever sued and forced to release information” in its 98-year history, said Allan H. Meltzer, the author of three books on the U.S central bank and a professor at Carnegie Mellon University in Pittsburgh.

Unprecedented Disclosure

Under the trial judge’s order, the Fed must reveal 231 pages of documents related to borrowers in April and May 2008, along with loan amounts. News Corp. (NWSA)’s Fox News is pressing a bid for 6,186 pages of similar information on loans made from August 2007 to November 2008.

The records were originally requested under the Freedom of Information Act, which allows citizens access to government papers, by the late Bloomberg News reporter Mark Pittman.

As a financial crisis developed in 2007, “The Federal Reserve forgot that it is the central bank for the people of the United States and not a private academy where decisions of great importance may be withheld from public scrutiny,” said Matthew Winkler, editor in chief of Bloomberg News. “The Fed must be accountable to Congress, especially in disclosing what it does with the people’s money.”

The Clearing House Association contended that Bloomberg is seeking an unprecedented disclosure that might dissuade banks from accepting emergency loans in the future.

Obama Administration

“We are disappointed that the court has declined our petitions, which deal with the protection of highly confidential bank information provided to the Federal Reserve,” the group said in a statement after the high court acted.

A federal trial judge ruled in 2009 that the Fed had to disclose the records in the Bloomberg case, and a New York-based appeals court upheld that ruling.

The Clearing House Association’s chances at getting a Supreme Court hearing suffered a setback when the Obama administration urged the justices not to hear the appeal. The government said the underlying issues had limited practical significance because Congress last year laid out new rules for disclosing Fed loans in the Dodd-Frank law.

“Congress has resolved the question of whether and when the type of information at issue in this case must be disclosed” in the future, the administration said in a brief filed by acting Solicitor General Neal Katyal, President Barack Obama’s top Supreme Court lawyer.

Discount Window

The Fed had previously fought alongside the banks in opposing disclosure. It also sought to join the industry group in seeking high court review, only to be overruled by Katyal, according to court documents.

Justice Elena Kagan, formerly Obama’s top Supreme Court lawyer, didn’t take part in the court’s consideration of the appeal. Since joining the court last year, she has disqualified herself from cases in which she took part as a government lawyer.

Bloomberg initially requested similar information for aid recipients under three other Fed emergency programs. The central bank released details for those facilities and others in December, after Congress required disclosure through the Dodd- Frank law.

The legislation didn’t apply retroactively to the discount window lending program, which provides short-term funding to financial institutions. Discount window loans made after July 21, 2010, must be released following a two-year lag.

Clearing House Association

“Fortunately, Congress was well aware of the sensitivity of disclosing this information,” the Clearing House Association said in its statement. “As part of the Dodd-Frank Act, Congress adopted a specific rule to ensure that in the future this confidential information will not be disclosed prematurely to the detriment of our financial system.”

The New York-based Clearing House Association, which has processed payments among banks since 1853, includes Bank of America NA, Bank of New York Mellon, Citibank NA, Deutsche Bank Trust Co. Americas, HSBC Bank USA NA, JPMorgan Chase Bank NA, U.S. Bank NA and Wells Fargo Bank NA.

In trying to shield the documents from disclosure, the Clearing House invoked a FOIA exemption that covers “trade secrets and commercial or financial information obtained from a person and privileged or confidential.”

The cases are Clearing House Association v. Bloomberg, 10- 543, and Clearing House Association v. Fox News Network, 10-660.

To contact the reporters on this story: Greg Stohr in Washington at gstohr@bloomberg.net; Bob Ivry in New York at bivry@bloomberg.net.

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net; Gary Putka at gputka@bloomberg.net.

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