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NYT admits PPT a Secretive Banking Elite Rules Trading in Derivatives

NYT admits PPT a Secretive Banking Elite Rules Trading in Derivatives



marcchabotyt | December 12, 2010 | 50 likes, 0 dislikes

plunge protection team admitted by the new york times
December 11th, 2010
By LOUISE STORY

A Secretive Banking Elite Rules Trading in Derivatives

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable ”” and controversial ”” fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.
 
Sex, Lies, Iran, Israel and WikiLeaks... War or Peace by 2012?

Sex, Lies, Iran, Israel and WikiLeaks... War or Peace by 2012?



connectingdots1 | December 13, 2010 | 19 likes, 1 dislikes

"WikiLeaks has given the mainstream media yet another opportunity to vilify Iran. A typical headline, from the New York Times was: "Around the world distress over Iran." And, ironically, it is true, but not in the way the headline writer meant. Around the world there is distress over Iran, distress at the way it is being cast in the role of the Evil Doer, when all but the most ignorant observers realize that it is nuclear-armed Apartheid Israel that is the real threat to world peace, not Iran."

"With thanks to: 7hevo1d for the amazing graphics
Debbie Menon: http://mycatbirdseat.com/
James Linton: http://crimesofzion.blogspot.com/
for their research contributions"


mirrored from http://www.youtube.com/user/alawson911
 
silver shortage in Vancouver Canada deepens - no Silver Maples available!

silver shortage in Vancouver Canada deepens - no Silver Maples available!



drutter | December 13, 2010 | 84 likes, 1 dislikes

Big announcement! JP Morgan JUST announced they are closing many of their manipulative short positions! Huge victory, and VERY VERY bullish for silver!

http://www.zerohedge.com/article/jp...ion-proves-millions-conspiracy-theorists-abso
 
Silver Shortages Accelerate - Wholesale Supplies Plunge: Keiser- 1; JP Morgan- 0

Silver Shortages Accelerate - Wholesale Supplies Plunge: Keiser- 1; JP Morgan- 0



ricthuse | December 03, 2010 | 8 likes, 0 dislikes

Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0

Submitted by Tyler Durden on 11/22/2010 10:42 -0500

Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?

More on the wholesale silver shortage:

As a result of the shortages, premiums have started to rise. So far, the increases have been modest, on the order of 0.5-2%. However, if the shortage grows, expect to see further and larger premium increases in the coming weeks. We could see a repeat of the late 2008 gold and silver buying frenzy, where product availability got as slow as 1-4 months after payment.

At the COMEX close yesterday, registered (dealer) silver inventories fell below 50 million ounces. Even if you include the eligible (investor) silver inventories in the COMEX bonded warehouses, which are not available to fulfill COMEX deliveries unless the investor specifically chooses to do so, there were barely 107 million ounces to fulfill around 725 million ounces of contractual obligations. COMEX silver inventories are now down more than 10% from mid-June even while the amount of silver owed has soared!

On September 16, the COMEX further raised the silver contract margin requirement to $7,250””even though the price of silver had been dropping since November 9! What is suspicious is that a lot of "insiders" were liquidating their silver positions starting the afternoon of November 15. Is it possible that they may have received advance notice of the coming change in the minimum margin account requirement and sold in anticipation of lower prices the next day?

The next round of gold and silver options expiration occurs on Tuesday, November 23. The attempt to suppress gold and silver prices upon the release of the US jobs and unemployment report on November 5 was almost a complete failure. Unless something is done to knock down gold and silver prices before November 23, a lot of call options will be exercised, which would further increase the demand for physical precious metals.

I suspect, as do many others, that the two rounds of increasing gold and silver margin requirements were timed for no other reason other than to try to help hold down prices through November 23.

Most of this should not be news to Zero Hedge regulars who now realize that the last battle of endless fiat liability dilution is being fought not in the stock market, but in the precious metals arena, where the onslaught of physical purchases versus shorting in paper claims has never gotten as far as it has in the past month. Should JPM be forced to continue covering, not even instituting an infinite margin requirement on silver purchases by the Comex will do much if anything to prevent the "dreaded" end of a fiat system. Speaking of, if anyone has the recent performance of Blythe Masters, we would be overjoyed if it were shared with the Zero Hedge community.

http://www.zerohedge.com/article/si...e-supplies-plunge-kriegerkesier-1-jp-morgan-0
 
exclusive! HARVEY ORGAN Part 1 of 2 : Is Silver Really Worth $424/oz?

exclusive! HARVEY ORGAN Part 1 of 2 : Is Silver Really Worth $424/oz?





SGTbull07 | December 12, 2010 | 270 likes, 2 dislikes
 
trainspotter said:
First of all it was NAB and their computer glitch ........

THE National Australia Bank says further delays in processing payments occurred overnight on Friday following a technological glitch 24 hours earlier.

NAB said it carried out remediation work overnight to complete payment and transaction processing from Thursday morning's disruption, and these transactions now had been processed.

http://www.theaustralian.com.au/aus...ocessing-payment/story-e6frgakx-1225961349799

AND NOW WE HAVE COMMONWEALTH DOING THE SAME THING !!

"The Commonwealth Bank has identified the cause of the late running overnight file and is currently in the process of finalising its processing into customer accounts," CBA said in a statement.

Earlier today, CommBank said a file scheduled to be processed overnight had not been completed, affecting "some business customers and a small number of retail access."

http://au.ibtimes.com/articles/91724/20101214/commbank-replays-nab-computer-glitch-drama.htm

Hmmmmmmmmmm ....... something not right here ????
Click to expand...
You're not the only one thinking that. A bit to coincidental in my opinion...

Off topic and a typical Smurf anecdote :D , but it reminds me of what happens in the power industry on a hot day. The public hear that the lines went down, fuses blew, transformers overheated etc. Far easier to blame a broken wire for the blackouts, rather than admit there wasn't any power left to put in the wires anyway had they not conveniently broken or fallen down.

Sounds a bit like the banks. Computer crash - believable to most since it's something most people have had happen at home or at work. And it has the nice side benefit of preventing access to money that isn't actually there anyway...

Just like the pumps at service stations mysteriously "break down" just as the bulk terminal has run out of petrol and there's nothing left to deliver to the service stations. But saying that would cause panic, so it's easier to just put signs on most of the pumps saying they're broken, thus rationing the remaining supplies since many won't bother to wait in the queue.

This approach works perfectly the first time but if you keep doing it then sooner or later questions start being asked and people realise there's more to it...:2twocents
 
KWN Source - “When That Happens, The Game is Over”

KWN Source - “When That Happens, The Game is Over”

http://kingworldnews.com/

http://kingworldnews.com/kingworldn...ce_-_When_That_Happens,_The_Game_is_Over.html


The contact out of London has updated King World News on the massive Asian buyers which have been accumulating both gold and silver. The London source stated, “Last week Asian buyers let the price come in to them. They were buying all day long, hitting all of the offers and they were not sending the price higher. As much as the orchestrators were hitting the bids, there were some smart buyers hitting the offers. The thinking was, I can pick up tonnage here, literally I can pick up tonnage here.”
Click to expand...
 
THE INTERNATIONAL FORECASTER WEDNESDAY, DECEMBER 15, 2010 12/15/10 (5) IF

THE INTERNATIONAL FORECASTER
WEDNESDAY, DECEMBER 15, 2010
12/15/10 (5) IF


Please see attached :-
 

Attachments

  • 121510(5)IF.pdf
    382.6 KB · Views: 1,023
Banking system may not make it to Christmas

Banking system may not make it to Christmas

http://abundanthope.net

http://abundanthope.net/pages/True_US_History_108/Banking-system-may-not-make-it-to-Christmas.shtml


Citizens Electoral Council of Australia
Media Release 10th of December 2010

Craig Isherwood”š National Secretary
PO Box 376”š COBURG”š VIC 3058
Phone: 03 9354 0544 Fax: 03 9354 0166
Email: cec@...
Website: http://www.cecaust.com.au
Banking system may not make it to Christmas

The troubles that have hit Australia's banking system in recent weeks reflect the deepening crisis in the global banking system, especially the eurozone, which prompted Lyndon LaRouche to warn on 8th December that the banks may not make it to Christmas.

The National Australia Bank's so-called "technical glitches", which threw Australia's financial payments system into disarray, coincided with revelations that NAB, along with Westpac, joined the rush of panicked banks in 2008 that borrowed desperately-needed emergency funds from the U.S. Federal Reserve.

It also coincided with the shockwaves in European bond markets set off by the Irish crisis””Australia's banks were estimated back in May to have a $56 billion exposure to the eurozone, and NAB was until recently directly involved in two Irish banks and also had a sizeable exposure to the steadily collapsing Italian government bonds. (To top it off, NAB's exposure to the toxic derivatives bubble skyrocketed in the last year to $3.476 trillion, up $457 billion in just the last year!””by far the most exposure of any Australian bank.)
London's 8th December Financial Times foreshadowed that the eurozone bond markets face a pre-Christmas explosion: "Eurozone bond markets face a testing run-up to Christmas amid fears the regional crisis could blow up again because of thin trading volumes that may send borrowing costs of the most vulnerable countries to new highs. Bankers say December is traditionally a time when most dealing rooms close their trading books and sit on the sidelines as they wait for the new year before strategically investing money in the financial markets. But the extreme nervousness surrounding the eurozone has prompted warnings that markets could see a vicious downward spiral as small sell transactions trigger dramatic falls in thin trading."

None of this is unexpected for anyone who has paid attention to Lyndon LaRouche's analysis of the global financial system, and understands the fact that the entire system has been on terminal-patient life support since mid-2008, from taxpayer-funded government bailouts.

The true extent of that bailout has just been revealed by the office of U.S. Senator Bernie Sanders. The total bailout was much greater than the $700 billion "TARP" program, and in fact was in the many trillions””perhaps as high as $16 trillion. Much of it went to foreign financial firms, including NAB and Westpac, and/or was loaned by the Fed against crap collateral, in violation of the Federal Reserve law. Two aspects of these reports are most shocking:

* First, foreign banks and financial corporations tapped 4,200 different loans/securities purchases under 13 different bailout programs of the Fed for $3.8 trillion total. In one Fed program, the Commercial Paper Funding Facility (CPFF), foreign financial firms got 68 per cent of the $396 billion in bailout loans.
* Second, under one of those programs, the Term Asset-Backed Securities Loan Facility (TALF), the Fed loaned at least $60.8 billion to more than 100 hedge funds, private equity funds, and other funds located in the Caymans or other British offshore havens. These funds are, right now, conducting intense speculations on the bonds of various European nations, in particular those of Spain, Portugal, Ireland, Belgium, and now Germany; and they are publicly attacking the European Central Bank for failing to throw in enough of its own buying, to make sure they make super-profits.

Senator Sanders' office estimates that 36 per cent of the collateral pledged to the Fed's primary dealer [overnight] credit facility was merely stock””this is not allowed under the Federal Reserve Act””or bonds ranked below investment grade. Another 17 per cent of the collateral was unrated””downright pornographic””credit or loans. The biggest mass of low-grade/illegal collateral was pledged immediately after the September 2008 Lehman collapse, by Morgan Stanley and Merrill Lynch, which were clearly going to collapse themselves, without the Fed bailouts.
Citizens Electoral Council leader Craig Isherwood said today, "It is good news that this terminal system may be finished by Christmas, because that will force nations that wish to survive to organise for LaRouche's proposal of a global Glass-Steagall, which would be a great Christmas present for the whole world!"
Click to expand...
 
Re: Banking system may not make it to Christmas

electronicmaster said:
Banking system may not make it to Christmas

http://abundanthope.net

http://abundanthope.net/pages/True_US_History_108/Banking-system-may-not-make-it-to-Christmas.shtml
Click to expand...

Put simply, the Fed has acted as an uncommonly benevolent banker for the Biggest Casino In The World - passing out "free" money parcels to distressed International gamblers willy-nilly - most of whom are now "doubling down" to try and regain what they lost/squandered in the GFC with interest. It's what desperate gamblers do. No science degree needed to explain this behaviour.

The whole scenario would make a great script for one of the funniest/saddest comedy Disney musicals ever.

Merry xmA$$ everyone.....

;)
 
Action video of Greece riots as fire bombs, stones fly in Athens

Action video of Greece riots as fire bombs, stones fly in Athens




RussiaToday | December 15, 2010 | 554 likes, 23 dislikes

Hundreds of protesters clashed with riot police across central Athens on Wednesday, smashing cars and hurling gasoline bombs during a nationwide labour protest against the government's latest austerity measures. The former Minister for Development Kostis Hatzidakis was attacked by protesters outside a luxury hotel. He was escorted, bleeding from the scene as his attackers yelled "thieves" at him.

RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com
 
Riots break out in Rome as Berlusconi wins vote

Riots break out in Rome as Berlusconi wins vote

Coming Soon.. to a City near you?



connectingdots1 | 15 December 2010 | 8 likes, 0 dislikes
 
Austerity Riots in Rome December 14, 2010

Austerity Riots in Rome December 14, 2010



starflyer2012 | 14 December 2010 | 6 likes, 0 dislikes

Italians demonstrate as Silvio Berlusconi wins confidence vote Rome street protests police - 14 December 2010 - Violent clashes erupt in Italy after Berlusconi survives no-confidence vote Protesters clash with police in Rome‎. Sources say Berlusconi bought votes in order to secure seat. Media Billionaire buys his seat again. Corrupt Mafia Government.
 
Rome in Revolt - Huge Protest in Old Rome - December 14, 2010

Rome in Revolt - Huge Protest in Old Rome - December 14, 2010



starflyer2012 | 14 December 2010 | 8 likes, 0 dislikes

Italians demonstrate as Silvio Berlusconi wins confidence vote Rome street protests police - 14 December 2010 - Violent clashes erupt in Italy after Berlusconi survives no-confidence vote Protesters clash with police in Rome‎. Sources say Berlusconi bought votes in order to secure seat. Media Billionaire buys his seat again. Corrupt Mafia Government.
 
COMEX Massive silver shortage and fall of fiat currencies, Webbots predicted ditto +

COMEX Massive silver shortage and fall of fiat currencies, Webbots predicted ditto + " rich riots"




connectingdots1 | December 15, 2010 | 8 likes, 0 dislikes

Webbots score again !..They had predicted there would be a shortage of physical silver that was being held for storage as "allocated bullion", meaning these "rich investors" would have been paying storage fees for bullion which wasn't even there...in turn, these rich folks would start "rich riots" .

However the webbots said the "rich riots" probably wouldn't make headline news so you may want to subscribe to my channel.... 'cause I do pay attention to this sorta info.
And BTW, the Webbots predicted this would set off the price of silver as these billionaires would take their cash settlement and immmediatly buy physical silver with it....which in turn will force drastic price increases on a daily basis... $5, $20...
driving the Elites Crazy!!

hold on folks '' cause I've got some much more to say about what silver will be doing in the near future and it's all Bright!!



Peace and Prosperity
CD
 
Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv

Lindsey Williams Returns: Confessions of an Elitist - Alex Jones Tv









From: TheAlexJonesChannel | December 15, 2010 | 309 views

Alex talks with Lindsey Williams, the ordained Baptist minister who went to Alaska in 1971 as a missionary where he learned about the secret agenda of the elite. Williams will talk with Alex about what the oil industry insider "Mr. X" told him before he passed away.
http://www.prisonplanet.tv/
http://www.infowars.com/


{{{ CONFESSIONS OF AN ELITIST}}}

Recorded December, 2010: this is the latest audio production from Lindsey Williams sharing 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. As Lindsey has expressed, there is no copyright so pick up your copy, replicate, and distribute freely to as many people as possible. This CD set is recommended only for those who have seen the 6 DVD set: Hope, Tragedy, Reality/The Elite Speak as it is in addition to those productions.

CLICK HERE TO ORDER THE CD.

http://www9.mailordercentral.com/tpcbookstore/prodinfo.asp?number=CD-COE01
 
2nd General strike in a week,Greek police dodge molotov cocktails... will America be

2nd General strike in a week,Greek police dodge molotov cocktails... will America be next?




connectingdots1 | December 15, 2010 | 18 likes, 0 dislikes

Huge crowds of protesters, upset about stringent Greek economic reforms, marched past the Greek Parliament in Athens Wednesday as police in white helmets tried to keep them from getting any closer.

The protest march entered Syntagma Square, which lies between the Parliament and Finance Ministry, and then left again just after midday.

Most of the marchers were peaceful, but a small number of violent protesters threw Molotov cocktails that burned two cars outside the upscale King George Palace hotel, which sits on one corner of the square. Police responded with stun grenades and tear gas, and the entire exchange left the square filled with smoke and an acrid smell.

The violent protesters left a trail of burning waste bins and lots of garbage and debris that they had thrown at police. At least one small fire burned briefly about a block away from the square.

After the marchers moved through, however, the tension was mostly over. Police still formed a line around the front of Parliament, but there was no traffic and only small groups of people milled around the square.

Wednesday is the climax of a week full of strikes by the country's unions against changes in labor laws and the introduction of wage cuts.

The new fiscal measures are required under the conditions of the massive bailout Greece received from the International Monetary Fund and European Union in May. The three-year, 110-billion-euro package saved Greece from financial default.

The country's two largest umbrella unions, the GSEE and ADEDY, which represent both the public and private sector, are behind the day of protests, according to Greece's Athens News Agency (ANA).

Public transportation, which came to a standstill in Athens on Tuesday because of a strike by mass transit employees, was expected to run a limited service Wednesday in order to ferry people to and from the protests, ANA reported.

There were no flights all day Wednesday at Athens International Airport, authorities there announced.

Wednesday's strike was also expected to affect state hospitals and health services, airlines, coastal shipping, courts, banks, as well as national and suburban trains, ANA reported. Taxi drivers also called a four-hour work stoppage in the middle of the day.

There will also be a news blackout Wednesday because of a 24-hour strike called by journalists' unions, ANA said. The unions have also called a 48-hour strike for Friday and Saturday.

The ADEDY union says its main demand is for the government to recall the "socially unjust government-imposed measures leading workers and pensioners to poverty and misery."

The financial measures were enacted by the "IMF-EU-ECB troika, the government, and the financially strong," the union said, referring also to the European Central Bank.

"Employees must put an end to the blackmail conditions imposed by speculators," the union said in a statement. "It is 'those in the know' and the rich that must pay for the crisis."

Parliament adopted a law Tuesday diminishing the power of collective labor agreements, making it easier for employers to fire people. It also says hundreds of thousands of employees in the civil sector will be getting a pay cut of 10%.

The new round of austerity measures focuses on structural reforms, particularly in the public sector, which employs more than 20% of the Greek labor force.

Demonstrations are set to continue throughout the week.

The 2011 budget, scheduled to be voted on in parliament on December 22, foresees the deficit declining from 9.4% of GDP to 7.4%. Many of the cuts are focused on the public sector, including public enterprises such as the railways and other forms of public transportation.

Members of the militant left-wing PAME union were also on strike Wednesday. In a statement, they vowed "no sacrifice for the plutocracy" and said the problems facing the Greek economy were not created by the people, but by "greedy capitalists."

"We strike because the EU, the International Monetary Fund, the government lead us to poverty, unemployment; they continuously load us with new burdens," PAME said. "They abolish the collective agreements; they further reduce our salaries and day-wages."

http://edition.cnn.com/2010/WORLD/europe/12/15/greece.strikes/index.html?hpt=T1

mirrored from http://www.youtube.com/user/ImatvapI
 
Medieval Climate Change, ObamaCare Unconstitutional, Gootube Censorship - New World N

Medieval Climate Change, ObamaCare Unconstitutional, Gootube Censorship - New World Next Week



corbettreport | December 16, 2010 | 162 likes, 5 dislikes

Welcome back to http://NewWorldNextWeek.com - the video series from Corbett Report & Media Monarchy that covers some of the most important developments in alternative news & open-source intelligence. This week:

Story #1: Scientists Admit Climate Change Worse Before Human CO2
http://ur1.ca/2lk45
Related: Hansen's "Hottest Year Ever" Based on Fabricated Data
http://ur1.ca/2lk49

Story #2: Virginia Court Rules Portions of 'ObamaCare' Unconstitutional
http://ur1.ca/2lk4c
Flashback: Landmark Legislation - Both Parties Collude to Bring US Health Scare
http://ur1.ca/2lk4g

Story #3: YouTube Will Allow Users to Flag Videos for Promoting 'Terrorism'
http://ur1.ca/2lk4i
Flashback: Lieberman Says YouTube Not Doing Enough to Remove Terrorist Content
http://ur1.ca/2lk4l

Subscribe to http://NewWorldNextWeek.com to get hi-quality episodes to download, burn & share. And as always, stay up-to-date by subscribing to the feeds from Corbett Report http://ur1.ca/kbj1 & Media Monarchy http://ur1.ca/kuec Thank you.
 
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