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Re:DERIVATIVES TIME BOMB: 1,200 $T Derivative Market - "Soylent Green"

No - wish we had seen it. Looks very interesting!


Soylent Green (1973) - Plot Summary - IMDb




www.imdb.com/title/tt0070723/plotsummary






Soylent Green (1973) on IMDb: In 2022, Earth is overpopulated and totally polluted; the natural resources have been exhausted and the nourishment of the ...




Soylent green trailer - YouTube





Aug 20, 2006 - Uploaded by Eduarda Alice Santos

I remember seeing this movie in 1973 a horror that could become reality will ... To be fair, saying "you'll find ...

over 8 years ago
Re: Possible WORLD WAR 3? Pope Francis thinks so!

Koala -- you know we live in a world of increasing MANIPULATION! The financially & politically 1% elite are insuring this sad scenario. When they die they leave without their loin cloth!!! You & I were brought up to share & care for others. Now it is all about ME. Greed & control are destroying the ethics we & the POPE know - many starving, sick, poor people are left to fend for themselves in many areas of the world.


You are got it 10,000% right re love, health & family.

over 8 years ago
Possible WORLD WAR 3? Pope Francis thinks so!

Pope Francis Warns Of Coming WW3 | Self-Sufficiency




beforeitsnews.com/.../pope-francis-warns-of-coming-ww3-2498894.html



7 days ago - Speaking before a crowd Pope Francis has made a frightening prediction. With wars raging the world over this may be our last Christmas.

over 8 years ago
Re: The Runaway DERIVATIVES TIME BOMB: 1,200 $T Derivative Market, Manipulation

Texas is trying to fight some of this manipulation via following 9 proposed Amendments including Congress to BALANCE ITS BUDGET (what a joke). This article is courtesy of GRIM:

Texas Governor Calls For Constitutional Convention To "Wrest Power" From Obama

When it comes to Texas' relationship with the Federal government, the
word "rocky" comes to mind. And nobody embodies said rockiness better
than Texas governor Greg Abbott, who recently made headlines after
announcing that irrelevant of D.C.'s demands, Texas would refuse to
accept any Syrian refugees.

Prior to this, Abbott was again in the news back in June when he
signed a bill into law that would allow Texas to build a gold and
silver bullion depository, which would allow Texas to repatriate $1
billion worth of bullion from the New York Fed to the new facility
once completed.

In short: the Federal government and the state of Texas have been on
collision course of many months, one which culminated on Friday when
Abbott called for a Constitutional Convention of states, spearheaded
by Texas, and which would amend the U.S. Constitution to wrest power
from a federal government "run amok."

To achieve that, Abbott proposed nine amendments to "restore the Rule
of Law and return the Constitution to its intended purpose."

“If we are going to fight for, protect and hand on to the next
generation, the freedom that [President] Reagan spoke of … then we
have to take the lead to restore the rule of law in America,” Abbott
said, cited by the Dallas News, during a speech at the Texas Public
Policy Foundation’s Policy Orientation that drew raucous applause from
the conservative audience. He said he will ask lawmakers to pass a
bill authorizing Texas to join other states calling for a Convention
of States.

According to the Hill, Abbott said that "the increasingly frequent
departures from Constitutional principles are destroying the Rule of
Law foundation on which this country was built,” said Abbott in a
statement. We are succumbing to the caprice of man that our Founders
fought to escape. The cure to these problems will not come from
Washington D.C. Instead, the states must lead the way.”

Along with the speech, Abbott released a nearly 70-page plan – part
American civics lesson, part anti-Obama diatribe – detailing nine
proposed constitutional amendments that he said "would unravel the
federal government’s decades-long power grab and restore authority
over economic regulation and other matters to the states."

"The irony for our generation is that the threat to our Republic
doesn’t come just from foreign enemies, it comes, in part, from our
very own leaders," Abbott said in a speech that took aim at President
Obama, Congress and the judicial branch.

Abbott is not the first to propose a convention: the idea has been
gaining traction among some among conservative Republicans, comes just
as the GOP presidential candidates begin to make forays into Texas
ahead of the March primary election. The state, with 155 delegates up
for grabs, will certainly be a key player in the party’s nominating
process.

Earlier this week presidential contender Marco Rubio published a piece
in USA Today endorsing the idea of a convention to amend the
Constitution and restore limited government. In April, 27 active
petitions had been filed with Congress seeking a convention to amend
the constitution to require that Congress adopt a balanced budget.

Abbott's nine proposed amendments are:

Prohibit congress from regulating activity that occurs wholly within one state.

Require Congress to balance its budget.

Prohibit administrative agencies from creating federal law.

Prohibit administrative agencies from pre-empting state law.

Allow a two-thirds majority of the states to override a U.S. Supreme
Court decision.

Require a seven-justice super-majority vote for U.S. Supreme Court
decisions that invalidate a democratically enacted law

Restore the balance of power between the federal and state governments
by limiting the former to the powers expressly delegated to it in the
Constitution.

Give state officials the power to sue in federal court when federal
officials overstep their bounds.

Allow a two-thirds majority of the states to override a federal law or
regulation.

For those unfamiliar, a Constitutional Convention is one of two ways
that the U.S. Constitution can be amended, and it’s described in
Article V. One way is that Congress can propose amendments approved by
two-thirds of the members of both chambers. The other method allows
two-thirds of the state legislatures to call for a convention to
propose amendments. Republicans backing the idea are confident that
because they control state government in a majority of states, their
ideas would prevail.

In both cases, the amendments become effective only if ratified by
three-fourths of the states. Indicatively, of the 27 times the
Constitution has been amended, none was generated by a constitutional
convention.

over 8 years ago
The Runaway DERIVATIVES TIME BOMB: 1,200 $T Derivative Market, Manipulation


The Runaway Derivatives Time Bomb: A 1,200 Trillion Dollar Derivative Market, Big Banks Manipulate Interest Rates, Currency Markets, Commodity Markets…





Global Research, December 23, 2015


Washington's Blog 9 September 2014



Region: USA







> 16 > 1003



global-economy

This short, incisive article was originally published on Washington’s Blog in 2014. It deals with the “criminality” and “blatant manipulation” of Wall Street and gives us a better idea as to why the global economy is in such a catastrophic state.


Runaway derivatives – especially credit default swaps (CDS) – were one of the main causes of the 2008 financial crisis. Congress never fixed the problem, and actually made it worse.


The big banks have long manipulated derivatives … a $1,200 Trillion Dollar market.


Indeed, many trillions of dollars of derivatives are being manipulated in the exact same same way that interest rates are fixed (see below) … through gamed self-reporting.


Reuters noted last week:



A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps.


***


“The complaint provides a chronology of behavior that would probably not result from chance, coincidence, independent responses to common stimuli, or mere interdependence,” [Judge] Cote said.


The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc , Credit Suisse Group AG, Deutsche Bank AG , Goldman Sachs Group Inc, HSBC Holdings Plc , JPMorgan Chase & Co, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG.


Other defendants are the International Swaps and Derivatives Association and Markit Ltd, which provides credit derivative pricing services.


***


U.S. and European regulators have probed potential anticompetitive activity in CDS. In July 2013, the European Commission accused many of the defendants of colluding to block new CDS exchanges from entering the market.


***


“The financial crisis hardly explains the alleged secret meetings and coordinated actions,” the judge wrote. “Nor does it explain why ISDA and Markit simultaneously reversed course.”



In other words, the big banks are continuing to fix prices for CDS in secret meetings … and have torpedoed the more open and transparent CDS exchanges that Congress mandated.


As shown below, Wall Street has manipulated virtually every other market as well – both in the financial sector and the real economy – and broken virtually every law on the books.


Interest Rates Are Manipulated


Bloomberg reported in January:



Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate.


RBS Securities Japan Ltd. in April pleaded guilty to wire frauda s part of a settlement of more than $600 million with U.S and U.K. regulators over Libor manipulation, according to court filings. U.S. District Judge Michael P. Shea in New Haventoday sentenced the Tokyo-based unit of RBS, Britain’s biggest publicly owned lender, to pay the agreed-upon fine, according to a Justice Department Justice Department.


Global investigations into banks’ attempts to manipulate the benchmarks for profit have led to fines and settlements for lenders including RBS, Barclays Plc, UBS AG and Rabobank Groep.


RBS was among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union last month for rigging interest rates linked to Libor. The combined fines for manipulating yen Libor and Euribor, the benchmark money-market rate for the euro, are the largest-ever EU cartel penalties.


Global fines for rate-rigging have reached $6 billion since June 2012 as authorities around the world probe whether traders worked together to fix Libor, meant to reflect the interest rate at which banks lend to each other, to benefit their own trading positions.



To put the Libor interest rate scandal in perspective:






  • Even though RBS and a handful of other banks have been fined for interest rate manipulation, Libor is still being manipulated. No wonder … the fines are pocket change – the cost of doing business – for the big banks


Currency Markets Are Rigged


Currency markets are massively rigged. And see this and this.


Energy Prices Manipulated


The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011.


Pulitzer prize-winning reporter David Cay Johnston noted in May that Wall Street is trying to launch Enron 2.0.


Oil Prices Are Manipulated


Oil prices are manipulated as well.


Gold and Silver Are Manipulated


Gold and silver prices are “fixed” in the same way as interest rates and derivatives – in daily conference calls by the powers-that-be.


Bloomberg reports:



It is the participating banks themselves that administer the gold and silver benchmarks.



So are prices being manipulated? Let’s take a look at the evidence. In his book “The Gold Cartel,” commodity analyst Dimitri Speck combines minute-by-minute data from most of 1993 through 2012 to show how gold prices move on an average day (see attached charts). He finds that the spot price of gold tends to drop sharply around the London evening fixing (10 a.m. New York time). A similar, if less pronounced, drop in price occurs around the London morning fixing. The same daily declines can be seen in silver prices from 1998 through 2012.



For both commodities there were, on average, no comparable price changes at any other time of the day. These patterns are consistent with manipulation in both markets.



Commodities Are Manipulated


The big banks and government agencies have been conspiring to manipulate commodities prices for decades.


The big banks are taking over important aspects of the physical economy, including uranium mining, petroleum products, aluminum, ownership and operation of airports, toll roads, ports, and electricity.


And they are using these physical assets to massively manipulate commodities prices … scalping consumers of many billions of dollars each year. More from Matt Taibbi, FDL and Elizabeth Warren.


Everything Can Be Manipulated through High-Frequency Trading


Traders with high-tech computers can manipulate stocks, bonds, options, currencies and commodities. And see this.


Manipulating Numerous Markets In Myriad Ways


The big banks and other giants manipulate numerous markets in myriad ways, for example:



  • Engaging in mafia-style big-rigging fraud against local governments. See this, this and this



  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here





  • Pledging the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car




  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this




  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See this, this and this








  • Bribing and bullying ratings agencies to inflate ratings on their risky investments


The Big Picture


The experts say that big banks will keep manipulating markets unless and until their executives are thrown in jail for fraud.


Why? Because the system is rigged to allow the big banks to commit continuous and massive fraud, and then to pay small fines as the “cost of doing business”. As Nobel prize winning economist Joseph Stiglitz noted years ago:



“The system is set so that even if you’re caught, the penalty is just a small number relative to what you walk home with.


The fine is just a cost of doing business. It’s like a parking fine. Sometimes you make a decision to park knowing that you might get a fine because going around the corner to the parking lot takes you too much time.”



Experts also say that we have to prosecute fraud or else the economy won’t ever really stabilize.


But the government is doing the exact opposite. Indeed, the Justice Department has announced it will go easy on big banks, and always settles prosecutions for pennies on the dollar (a form of stealth bailout. It is also arguably one of the main causes of the double dip in housing.)


Indeed, the government doesn’t even force the banks to admit any guilt as part of their settlements.


Again Wall Street has manipulated virtually every other market as well – both in the financial sector and the real economy – and broken virtually every law on the books.


And they will keep on doing so until the Department of Justice grows a pair.


The criminality and blatant manipulation will grow and spread and metastasize – taking over and killing off more and more of the economy – until Wall Street executives are finally thrown in jail.


It’s that simple …


The original source of this article is Washington's Blog

over 8 years ago
Re: Chinese Antimony Producers holding back supplies - prices starting to rise

You are right Grim - following blog is old but still applies:


The New Great Power Triangle Tilt: China, Russia Vs. U.S. ...




breakingdefense.com/.../the-new-great-power-triangle-tilt-china-russia-vs...



Jun 19, 2014 - While Obama spoke in Europe of Russia's perfidy and the need to ... As a declining power Russia is going to discover that it can't realistically divorce itself from .... your oil, your titanium, your aluminum, your gold and diamonds and hope ... tale of a tiger...you can't let go, but you can't hold on forever either.

over 8 years ago
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