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WILLIAM K. BLACK: "FIRE HOLDER, FIRE GEITHNER, FIRE BERNANKE" 10-25-2010



traynickel | 25 October 2010

Link From: http://newzzcafe.com/

The fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Chairman Bernanke, and the bankers' trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce. The FASB's new rules allowed the banks (and the Fed, which has taken over a trillion dollars in toxic mortgages as wholly inadequate collateral) to refuse to recognize hundreds of billions of dollars of losses. This accounting scam produces enormous fictional "income" and "capital" at the banks. The fictional income produces real bonuses to the CEOs that make them even wealthier. The fictional bank capital allows the regulators to evade their statutory duties under the Prompt Corrective Action (PCA) law to close the insolvent and failing banks.
 
quantitative-easing-the-numberless-oblivion-2010-10-25

quantitative-easing-the-numberless-oblivion-2010-10-25

http://www.marketwatch.com

By Andy Xie

BEIJING (Caixin Online) ”” The world seems full of smoke ahead of a world currency war. The weapon of choice is quantitative easing, a.k.a. QE. If you print a trillion, I’ll print a trillion. Of course, he and she will too. No change in exchange rates after a trillion? Let’s do it again, QE2.

If you listen to people like Geithner, the end of the world is quite near. Rich people everywhere are buying gold for a little peace of mind, not just the Chinese. They are literally trucking it by the ton or two home. When currency values vanish in a QE melee, at least the rich have the gold to stay rich.
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Dollar at Risk of Becoming 'Toxic Waste': Charts

Dollar at Risk of Becoming 'Toxic Waste': Charts

http://www.cnbc.com

Published: Monday, 25 Oct 2010 | 8:12 AM ET
Text Size
By: CNBC.com


The dollar's slump could get far worse if the dollar index takes out last year's low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

"If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a little bit of minor panic," Griffiths said. "A year ago it was deemed too cheap, if it goes any lower than that it's actually become toxic waste."
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Iran loads fuel into the Bushehr nuclear reactor

http://www.bbc.co.uk/news/world-middle-east-11625058

Iran has begun loading fuel into the core of its first nuclear power plant, state television has reported.

Iranian and Russian engineers started moving nuclear fuel into the main reactor building at Bushehr in August but this was halted and the work delayed.

Russia will operate the facility in southern Iran, supplying its nuclear fuel and taking away the nuclear waste.

Iran says the plant will begin generating electricity in early 2011.

German engineers began work on the Bushehr nuclear facility began in 1975. The project, completed with help from Russia, has been plagued by delays.

Iran has been subject to four rounds of UN sanctions because of its separate uranium enrichment programme.

Experts say that as long as the Bushehr plant is Russian-operated, there is little chance of proliferation.

The uranium fuel it will use is well below the enrichment level needed for a nuclear weapon. Weapons-grade uranium must be enriched by more than 90%. In contrast, the uranium at Bushehr is enriched by 3.5%.

The Bushehr fuel has been supplied by Russia, although Iran is already producing its own uranium enriched to fuel grade.
Iran has also begun a pilot program to enrich uranium to 20% which it says is needed for a medical research reactor.

It is that programme that has alarmed some Western governments and Israel.

Some governments fear Tehran wants to build a nuclear weapon, but Iran insists its plans are for peaceful energy production.

_48729849_iran_nuclear_09_464.gif
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So, who cares you say?

In a few years time, Iran will have enough enriched Uranium to make a bomb/missile. To go from 3.5% enriched Uranium to 90+%, just takes time.
 
CFTC's Chilton raises alarm about silver market

http://www.reuters.com

http://www.reuters.com/article/idUSWALQLE6QE20101026

WASHINGTON | Tue Oct 26, 2010 9:30am EDT

WASHINGTON Oct 26 (Reuters) - There have been repeated attempts to influence prices in silver markets, Bart Chilton, a commissioner at the U.S. futures regulator, said on Tuesday.

"There have been fraudulent efforts to persuade and deviously control that price," Chilton said in prepared remarks before a Commodity Futures Trading Commission meeting.

Chilton said he could not pre-judge the outcome of the CFTC's ongoing investigation of the silver markets, but said public deserves some answers to their concerns. (Reporting by Roberta Rampton and Ayesha Rascoe; Editing by Neil Stempleman)
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cftc-commissioner-raises-alarm-over Silver manipulation

http://jessescrossroadscafe.blogspot.com

http://jessescrossroadscafe.blogspot.com/2010/10/cftc-commissioner-raises-alarm-over.html

The manipulation in the silver market with two or three banks holding enormous undeliverable short positions was obvious, for years.

The CFTC was complicit in turning a blind eye to this, stonewalling and whitewashing the corruption, as were many market commentators and participants. Ted Butler and GATA did a wonderful job of highlighting this enormous fraud but were ignored and even vilified for the past twelve years in the same vein as whistle blower Harry Markopolos was in raising concerns about Madoff's investment scheme.

Bart Chilton is speaking out as he said a few weeks ago he would if the CFTC was not making progress in correct this travesty. This is the sort of reform that the people were seeking when they swept the Democrats into office, a reform which they never received.

This obviously should be investigated by an independent body, given the regulatory capture held by the banks who manipulated the market to the detriment of the world in suppressing prices and creating an artificial shortage that will be painful to unwind.

This is not a partisan issue, but involves politicians of both parties going back twenty years or more, in both London and New York. And the corruption is pervasive and ongoing in multiple US finanical and commodity markets. The regulators and ratings agencies have not been doing their jobs.

Some will attempt to dismiss what Mr. Chilton is saying here as inconclusive. Keep in mind that he is a high profile CFTC official, and what he says comes through a 50,000 watt megaphone, so he must choose his words with great care. But this is almost unprecedented for an official to speak out against his own administration.

The response to these sorts of revelations seem to be a blanket of media silence and whispered character assassination, which is the mark in trade of those who have no sense of duty, honor, and country. Their crime is betrayal of the public trust, and the public's fault is apathetic complicity. 'Silver did not rally on the news, it must not be significant. I did not hear about this on television, so it must not be true.'
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Silver Subject to Price Manipulation, Chilton Says

http://www.bloomberg.com

http://www.bloomberg.com/news/2010-...nt-efforts-to-control-price-chilton-says.html

As an investigation of the silver market by the top U.S. commodity regulator entered a third year, a member of the Commodity Futures Trading Commission said today there have been “repeated attempts” to influence prices.

“There have been fraudulent efforts to persuade and deviously control that price,” said Commissioner Bart Chilton at a hearing today in Washington, alleging there have been violations of the Commodity Exchange Act. “Any such violation of the law in this regard should be prosecuted,” he said.

The five-member commission began investigating allegations of price manipulation in the silver futures market in September 2008. The CFTC said in a report that year that it had received “numerous letters, e-mails and phone calls” during the last 20 to 25 years alleging prices were being manipulated downward.
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Uranium fruit juice - Energy drink in Israel



TeslaGenius | October 24, 2010

Uranium fruit juice - Energy drink
Israel - Energy Drink - Le_jus_de_fruit_enrichi_l_uranium



Future weapons?
 
Signs Hyperinflation Is Arriving

Signs Hyperinflation Is Arriving

http://gonzalolira.blogspot.com

http://gonzalolira.blogspot.com/2010/10/signs-hyperinflation-is-arriving.html


This post is gonna be short and sweet—and scary:

Back in late August, I argued that hyperinflation would be triggered by a run on Treasury bonds. I described how such a run might happen, and argued that if Treasuries were no longer considered safe, then commodities would become the store of value.

Such a run on commodities, I further argued, would inevitably lead to price increases and a rise in the Consumer Price Index, which would initially be interpreted by the Federal Reserve, the Federal government, as well as the commentariat, as a good thing: A sign that “the economy is recovering”, a sign that “normalcy” was returning.

I argued that—far from being “a sign of recovery”—rising CPI would be the sign that things were about to get ugly.
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Story continues....
 
Great thread this by the way electronicmaster.

Just reading Chuck Butler on Everbank and thought the following little clip may tickle the fancy. However I believe every bit of it.

Hey! I read a story last night, that had a concept in it that I hadn’t really considered, and that is that the FOMC is going to implement QE, not in attempt to kick start the economy, but instead to simply keep the dollar weak… Hmmm… Even I don’t think they’re that devious! But the more I thought about it, I started thinking about how before Big Ben Bernanke was Fed Chairman, he told us all that he had studied Japan’s meltdown, and knew exactly how to keep the U.S. economy from ever being a “Japanese economy”… Hasn’t he failed miserably at that? Maybe he still has work to do on that, but here’s my point… having failed miserably, the Fed Chairman now finds the U.S. in a pile, no make that mountain of debt, and a spiraling into a dark abyss economy… He figures, he can’t save the economy, it will have to save itself, but with it in the dark abyss, foreigners will balk at buying our debt, so what’ s the one thing the Fed Chairman can do? He can make certain that the dollar is weak so that those buying our debt can buy it at a discounted clearing price…
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explod said:
Great thread this by the way electronicmaster.

Just reading Chuck Butler on Everbank and thought the following little clip may tickle the fancy. However I believe every bit of it.
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Thanks explod

I believe it too. One starts to see how the game of deception works the more deeper the research goes.

The system truly has become our own enemy. By design
 
James Turk - Silver $30 in Less Than 18 Days


http://kingworldnews.com

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/28_James_Turk_-_Silver_$30_in_Less_Than_18_Days.html



With gold and silver strong today, King World News interviewed James Turk out of London. When asked about silver specifically Turk commented, “I like this flag pattern because when you breakout to the upside you reach your target in half the time it takes the flagpole to form. The flagpole formed over 36 trading days, so the next leg up to $30 will be over in less than 18 trading days.”
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Headline continues .....
 
Gold & Silver Commercial Signal Failure Today

Gold & Silver Commercial Signal Failure Today


http://kingworldnews.com

http://kingworldnews.com/kingworldn...&_Silver_Commercial_Signal_Failure_Today.html




October 29, 2010
KWN Blog

Bloomberg regularly surveys traders in the gold market. The amazing thing about this morning’s report is that 50% of the traders are bearish, while only 30% are bullish. This type of sentiment can be seen across the board in gold, and that is why the metal of kings is set to explode through the previous highs.

The number of bulls in another survey has fallen to levels seen hundreds of dollars ago on gold. Some readers may be asking why is sentiment so bad when gold is near all-time highs?
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Headline continues ...
 
Throwing Iranians & Iraqis to the dogs by Dr. Kenneth Katzman

Throwing Iranians & Iraqis to the dogs by Dr. Kenneth Katzman



obaidkarki | October 29, 2010
 
Lindsey Williams Audio CD - Oct. 2010

Lindsey Williams Audio CD - Oct. 2010













updv | October 30, 2010

This is the full one hour audio CD from Lindsey Williams recorded on October 20, 2010. Part 1 of 5. Lindsey referred to it as available for ordering during the Alex Jones Show. It shares inside information straight from the Ruling Elite. Also included is Lindsey's advice on how to keep you and your family safe during the coming storm upon this nation. I received the CD on October 30, 2010. It is intentionally not copywritten and may be freely shared.
 
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