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Sunday, July 29, 2012

Wealth Doesn't Trickle Down – It Just Floods Offshore, Research Reveals         AMERICAN KABUKI 2012-07-29



A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis

Capital flight Illustration: Giulio Frigieri for the Observer (click here for a larger version of this graphic)

Heather Stewart
guardian.co.uk, Saturday 21 July 2012 16.00 EDT

Capital flight Illustration: Giulio Frigieri for the Observer (click here for a larger version of this graphic)
The world's super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.

James Henry, a former chief economist at consultancy McKinsey and an expert on tax havens, has conducted groundbreaking new research for the Tax Justice Network campaign group – sifting through data from the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and private sector analysts to construct an alarming picture that shows capital flooding out of countries across the world and disappearing into the cracks in the financial system.

Comedian Jimmy Carr became the public face of tax-dodging in the UK earlier this year when it emerged that he had made use of a Cayman Islands-based trust to slash his income tax bill.

But the kind of scheme Carr took part in is the tip of the iceberg, according to Henry's report, entitled The Price of Offshore Revisited. Despite the professed determination of the G20 group of leading economies to tackle tax secrecy, investors in scores of countries – including the US and the UK – are still able to hide some or all of their assets from the taxman.

"This offshore economy is large enough to have a major impact on estimates of inequality of wealth and income; on estimates of national income and debt ratios; and – most importantly – to have very significant negative impacts on the domestic tax bases of 'source' countries," Henry says.

Using the BIS's measure of "offshore deposits" – cash held outside the depositor's home country – and scaling it up according to the proportion of their portfolio large investors usually hold in cash, he estimates that between $21tn (£13tn) and $32tn (£20tn) in financial assets has been hidden from the world's tax authorities.

"These estimates reveal a staggering failure," says John Christensen of the Tax Justice Network. "Inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people.

"This new data shows the exact opposite has happened: for three decades extraordinary wealth has been cascading into the offshore accounts of a tiny number of super-rich."

In total, 10 million individuals around the world hold assets offshore, according to Henry's analysis; but almost half of the minimum estimate of $21tn – $9.8tn – is owned by just 92,000 people. And that does not include the non-financial assets – art, yachts, mansions in Kensington – that many of the world's movers and shakers like to use as homes for their immense riches.

"If we could figure out how to tax all this offshore wealth without killing the proverbial golden goose, or at least entice its owners to reinvest it back home, this sector of the global underground is easily large enough to make a significant contribution to tax justice, investment and paying the costs of global problems like climate change," Henry says.

He corroborates his findings by using national accounts to assemble estimates of the cumulative capital flight from more than 130 low- to middle-income countries over almost 40 years, and the returns their wealthy owners are likely to have made from them.

In many cases, , the total worth of these assets far exceeds the value of the overseas debts of the countries they came from.

The struggles of the authorities in Egypt to recover the vast sums hidden abroad by Hosni Mubarak, his family and other cronies during his many years in power have provided a striking recent example of the fact that kleptocratic rulers can use their time to amass immense fortunes while many of their citizens are trapped in poverty.

The world's poorest countries, particularly in sub-Saharan Africa, have fought long and hard in recent years to receive debt forgiveness from the international community; but this research suggests that in many cases, if they had been able to draw their richest citizens into the tax net, they could have avoided being dragged into indebtedness in the first place. Oil-rich Nigeria has seen more than $300bn spirited away since 1970, for example, while Ivory Coast has lost $141bn.

Assuming that super-rich investors earn a relatively modest 3% a year on their $21tn, taxing that vast wall of money at 30% would generate a very useful $189bn a year – more than rich economies spend on aid to the rest of the world.

The sheer scale of the hidden assets held by the super-rich also suggests that standard measures of inequality, which tend to rely on surveys of household income or wealth in individual countries, radically underestimate the true gap between rich and poor.

Milorad Kovacevic, chief statistician of the UN Development Programme's Human Development Report, says both the very wealthy and the very poor tend to be excluded from mainstream calculations of inequality.

"People that are in charge of measuring inequality based on survey data know that the both ends of the distribution are underrepresented – or, even better, misrepresented," he says.

"There is rarely a household from the top 1% earners that participates in the survey. On the other side, the poor people either don't have addresses to be selected into the sample, or when selected they misquote their earnings – usually biasing them upwards."

Inequality is widely seen as having increased sharply in many developed countries over the past decade or more – as described in a recent paper from the IMF, which showed marked increases in the so-called Gini coefficient, which economists use to measure how evenly income is shared across societies.

Globalisation has exposed low-skilled workers to competition from cheap economies such as China, while the surging profitability of the financial services industry – and the spread of the big bonus culture before the credit crunch – led to what economists have called a "racing away" at the top of the income scale.

However, Henry's research suggests that this acknowledged jump in inequality is a dramatic underestimate. Stewart Lansley, author of the recent book The Cost of Inequality, says: "There is absolutely no doubt at all that the statistics on income and wealth at the top understate the problem."

The surveys that are used to compile the Gini coefficient "simply don't touch the super-rich," he says. "You don't pick up the multimillionaires and billionaires, and even if you do, you can't pick it up properly."

In fact, some experts believe the amount of assets being held offshore is so large that accounting for it fully would radically alter the balance of financial power between countries. The French economist Thomas Piketty, an expert on inequality who helps compile the World Top Incomes Database, says research by his colleagues has shown that "the wealth held in tax havens is probably sufficiently substantial to turn Europe into a very large net creditor with respect to the rest of the world."

In other words, even a solution to the eurozone's seemingly endless sovereign debt crisis might be within reach – if only Europe's governments could get a grip on the wallets of their own wealthiest citizens.

• This article was amended on 23 July. In the original graphic Poland was shown in the wrong place. This has been corrected



Capital flight Illustration: Giulio Frigieri for the Observer (click here for a larger version of this graphic)

http://www.guardian.co.uk/business/2012/jul/21/offshore-wealth-global-economy-tax-havens

A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis


by Heather Stewart

guardian.co.uk, Saturday 21 July 2012 16.00 EDT

Capital flight Illustration: Giulio Frigieri for the Observer

The world's super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.

James Henry, a former chief economist at consultancy McKinsey and an expert on tax havens, has conducted groundbreaking new research for the Tax Justice Network campaign group – sifting through data from the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and private sector analysts to construct an alarming picture that shows capital flooding out of countries across the world and disappearing into the cracks in the financial system.

Comedian Jimmy Carr became the public face of tax-dodging in the UK earlier this year when it emerged that he had made use of a Cayman Islands-based trust to slash his income tax bill.

But the kind of scheme Carr took part in is the tip of the iceberg, according to Henry's report, entitled The Price of Offshore Revisited. Despite the professed determination of the G20 group of leading economies to tackle tax secrecy, investors in scores of countries – including the US and the UK – are still able to hide some or all of their assets from the taxman.

"This offshore economy is large enough to have a major impact on estimates of inequality of wealth and income; on estimates of national income and debt ratios; and – most importantly – to have very significant negative impacts on the domestic tax bases of 'source' countries," Henry says.

Using the BIS's measure of "offshore deposits" – cash held outside the depositor's home country – and scaling it up according to the proportion of their portfolio large investors usually hold in cash, he estimates that between $21tn (£13tn) and $32tn (£20tn) in financial assets has been hidden from the world's tax authorities.

"These estimates reveal a staggering failure," says John Christensen of the Tax Justice Network. "Inequality is much, much worse than official statistics show, but politicians are still relying on trickle-down to transfer wealth to poorer people.

"This new data shows the exact opposite has happened: for three decades extraordinary wealth has been cascading into the offshore accounts of a tiny number of super-rich."

In total, 10 million individuals around the world hold assets offshore, according to Henry's analysis; but almost half of the minimum estimate of $21tn – $9.8tn – is owned by just 92,000 people. And that does not include the non-financial assets – art, yachts, mansions in Kensington – that many of the world's movers and shakers like to use as homes for their immense riches.

"If we could figure out how to tax all this offshore wealth without killing the proverbial golden goose, or at least entice its owners to reinvest it back home, this sector of the global underground is easily large enough to make a significant contribution to tax justice, investment and paying the costs of global problems like climate change," Henry says.

He corroborates his findings by using national accounts to assemble estimates of the cumulative capital flight from more than 130 low- to middle-income countries over almost 40 years, and the returns their wealthy owners are likely to have made from them.

In many cases, , the total worth of these assets far exceeds the value of the overseas debts of the countries they came from.

The struggles of the authorities in Egypt to recover the vast sums hidden abroad by Hosni Mubarak, his family and other cronies during his many years in power have provided a striking recent example of the fact that kleptocratic rulers can use their time to amass immense fortunes while many of their citizens are trapped in poverty.

The world's poorest countries, particularly in sub-Saharan Africa, have fought long and hard in recent years to receive debt forgiveness from the international community; but this research suggests that in many cases, if they had been able to draw their richest citizens into the tax net, they could have avoided being dragged into indebtedness in the first place. Oil-rich Nigeria has seen more than $300bn spirited away since 1970, for example, while Ivory Coast has lost $141bn.

Assuming that super-rich investors earn a relatively modest 3% a year on their $21tn, taxing that vast wall of money at 30% would generate a very useful $189bn a year – more than rich economies spend on aid to the rest of the world.

The sheer scale of the hidden assets held by the super-rich also suggests that standard measures of inequality, which tend to rely on surveys of household income or wealth in individual countries, radically underestimate the true gap between rich and poor.

Milorad Kovacevic, chief statistician of the UN Development Programme's Human Development Report, says both the very wealthy and the very poor tend to be excluded from mainstream calculations of inequality.

"People that are in charge of measuring inequality based on survey data know that the both ends of the distribution are underrepresented – or, even better, misrepresented," he says.

"There is rarely a household from the top 1% earners that participates in the survey. On the other side, the poor people either don't have addresses to be selected into the sample, or when selected they misquote their earnings – usually biasing them upwards."

Inequality is widely seen as having increased sharply in many developed countries over the past decade or more – as described in a recent paper from the IMF, which showed marked increases in the so-called Gini coefficient, which economists use to measure how evenly income is shared across societies.

Globalisation has exposed low-skilled workers to competition from cheap economies such as China, while the surging profitability of the financial services industry – and the spread of the big bonus culture before the credit crunch – led to what economists have called a "racing away" at the top of the income scale.

However, Henry's research suggests that this acknowledged jump in inequality is a dramatic underestimate. Stewart Lansley, author of the recent book The Cost of Inequality, says: "There is absolutely no doubt at all that the statistics on income and wealth at the top understate the problem."

The surveys that are used to compile the Gini coefficient "simply don't touch the super-rich," he says. "You don't pick up the multimillionaires and billionaires, and even if you do, you can't pick it up properly."

In fact, some experts believe the amount of assets being held offshore is so large that accounting for it fully would radically alter the balance of financial power between countries. The French economist Thomas Piketty, an expert on inequality who helps compile the World Top Incomes Database, says research by his colleagues has shown that "the wealth held in tax havens is probably sufficiently substantial to turn Europe into a very large net creditor with respect to the rest of the world."

In other words, even a solution to the eurozone's seemingly endless sovereign debt crisis might be within reach – if only Europe's governments could get a grip on the wallets of their own wealthiest citizens.

• This article was amended on 23 July. In the original graphic Poland was shown in the wrong place. This has been corrected

Colorado Massacre Linked To Historic Bank Fraud - Killer Does Not Appear To Be James Holmes




July 29, 2012

This was posted at: http://anoncentral.tumblr.com/post/28109989079/colorado-massacre-linked-to-historic-bank-fraud


Colorado Massacre Linked To Historic Bank Fraud - Killer Does Not Appear To Be James Holmes





KILLER DOES NOT APPEAR TO BE JAMES HOLMES - JAMES HOLMES BEING USED IN BLACKMAIL OF ROBERT HOLMES FINANCIAL FRAUD DETECTION EXPERT FOR FICO IN LIBOR SCANDAL.

James Holmes father Robert Holmes, was said to have been scheduled to testify within the next few weeks before a US Senate panel on the massive banking crime called the LIBOR Scandal where UK banks fixed the London Interbank Borrowing Rate with the complicity of the Bank of England, the US Federal Reserve (which knew about this crime for 4 years and didn’t report it) and many other major Western banks.

Not known to the majority of those affected by this LIBOR rate scandal (which is everyone in the world) is that its historically low setting of interests rates since the beginning of the Global Financial Crisis of 2007-2012 has done more to destroy the life savings, stock investments and retirements of Americas middle class than any other single event in their entire history.

Even worse, according to this report, Holmes recently completed his work on what is called one of the most sophisticated computer algorithms ever developed that not only uncovered the true intent of this massive fraud, but is, also, able to trace the Trillions of Dollars “lost” to the exact bank accounts of the elite classes who have stolen it.

This Colorado massacre occurred within minutes of London’s Guardian News Service releasing report this past Saturday (21 July) titledWealth Doesn’t trickle Down – It Just Floods Offshore, Research Revealsas Robert Holmes algorithms [AI neural networks] were said used to discover this massive fraud scheme.

Equally curious to note about this massacre is that the American intelligence website TheIntelHub.Com in their 23 July article titled “Hallmarks of a False Flag: Colorado University Held Identical Drill on Same Day as Aurora Theater Mass Shooting, Mind Control, and Multiple Suspects” states that just mere hours before this shocking crime was committed the Rocky Vista University College of Osteopathic Medicine was holding an identical drill that simulated a shooter in a movie theater.

“False flag” events such as the Colorado massacre are actively planned for by the US Army as noted in their training manual titled “Foreign Internal Defense Tactics Techniques and Procedures for Special Forces”.

Ben Swann from their WXIX-FOX19 station out of Cincinnati, Ohio, who asks:

“Why did Holmes go to the expense and trouble of rigging his apartment with an array of deadly explosives and then immediately tell police about the bombs when he was arrested? If Holmes wanted to kill as many people as possible, why warn the cops ahead of time?

Given the fact that Holmes was a graduate student in neuroscience, where did he obtain the skills to create a maze of bombs so complex that it took the FBI two days to disarm them? According to experts, the intricacy of the bombs was reminiscent of war zones – how could Holmes have set all this up without help from an explosives expert?

Despite police claiming “every single indicator” tells them the shooting was a lone wolf attack, numerous witnesses have described accomplices. Initial police reports that suggested the involvement of two or more shooters were quickly buried and the lone wolf narrative aggressively pushed.

As Swann points out, eyewitnesses interviewed after the shooting such as Corbin Dates state that Holmes received a phone call from someone while he was inside the theater and responded by moving to the emergency exit, suggesting the call was an accomplice coordinating the attack.

Dates also said he saw Holmes by the exit door “signaling somebody or looking for somebody to come his way.

Another eyewitness added, “From what we saw he wasn’t alone – he had someone with him. Because the second can of tear gas didn’t come from his side.”

The real James Holmes apparently has been abducted (compare photos) to force FICO crime scientist Robert Holmes to not testify in LIBOR scandal — his expertise as scienfiic director at FICO investigating fraud by statistical patterns and expert in credit scoring analysis -

The real James Holmes is on the right [Terran Note: This appears to be a typo, the real James is on the left as in the photo above]. This imposter is on assignment and somehow has been assured of protection and is a pure sociopath earning a buck. If the real James Holmes has been taken then his parents, of course, know it.

James’ father is a mathematician/statistician who works for FICO which scores our credit using among other things the inter-bank interest rate set by LIBOR. FICO is the eyes, the intelligence of lenders in discriminating among potential borrowers as risks. James Holmes was the lead developer of FICO’s fraud manager system for financial institutions. [He is also one of the leading San Diego researchers on neural network based artificial intelligence systems.]

The LIBOR scandal which involves the biggest and most powerful merchant banking houses in the City of London is in the midst of the biggest fraud scandal in history. Here is money and motive enough to make conceivable a black-operation on the scale of the James Holmes frameup.

The bankers are major criminals and have been for sometime. They are criminals with trillions at their disposal. They control all strategic institutions of probably all major governments or are working towards that end. They need to know that no man in law enforcement or fraud detection can harm them, and so they have prepared means of intervening to prevent — by murder, blackmail, intimidation, bribery or psychological manipulation by methods developed in secret by the former Soviet Union, China, Israel and the officially denied equally unrestrained CIA and also mercenary intelligence and espionage services retained by high financial organized crime. What I am driving at is that operations like this may be on stand-by for any fraud investigator or honest politician or financial expert the banks legitimately employ. James Holmes may have been targeted early as the handle by which to control Robert Holmes if that is necessary.

Robert Holmes knows which of these to is his son and which is not.

Not only is the arm of the international banking crime syndicate able to reach out and stop investigating statistician-mathematician -operations-analysis fraud investigators like Robert Holmes - they are also, very easily, able to keep police and defense attorneys from following the right lines of evidence. The resources to intimidate or bribe or otherwise control person after person to prevent an outcome or to force an outcome certainly exists, certainly is part of the defensive equipment of the most powerful criminal syndicate the world has seen.

The only defense the people have against the banking crime families is for the public to spread the word and all as one speak with a unified voice of public opinion. But of course the bankers can thwart that, as they have with 9-11, with the economic depression, with countless other crimes too big and too amazing even to believe when they are all listed on one page. (for example, weaponized weather modification and the ability to take control of planes. The fact that the prisoner in the Aurora shooting is not James Holmes. That a crime this elaborate and expensive could only be performed in the interests of the most powerful people on the planet — and they are the international bankers to whom this one country owe 14 trillion dollars — a good portion of which figure was determined by fraudulent manipulations of the LIBOR (inter-bank exchange rate) which has been set to favor the bankers rather than to reflect currently obtaining lending market conditions as it is represented as doing. This crime could spell the end of the international bankers — and that is why they went to such lengths to kidnap James Holmes and substitute this mass-murdering imposter in his place — and who we may shortly be hearing killed himself — I can’t see how they can let him go on public trial, or appear with his hair dyed back to its original color.

Holmes father:

Robert went on to earn a bachelor’s degree in mathematics at Stanford, a master’s in biostatistics at UCLA, and a doctorate in statistics at the University of California at Berkeley in 1981. His doctoral thesis was titled “Contributions to the Theory of Parametric Estimation in Randomly Censored Data.” He subsequently authored studies for the Navy and the Marine Corps on how to forecast personnel changes using something called “tree classifications,” the trees in question being statistical. Eventually, reports say, he signed on as a low-six-figure-a-year senior scientist with FICO, which produces management systems, fraud protection, and credit scores

RENSE.COM: Will The REAL James Holmes Please Stand Up?



July 29, 2012


Jeff Rense Writes: 

"Is it not exceedingly clear that the alleged shooter who made his first court room appearance is not the same "James Holmes" as depicted in earlier photos?  

Wouldn't that be the felony crime of Subornation of Perjury?

Subornation of perjury, in United States law, is the crime of persuading a person to commit perjury; [as in substitution of suspects?] and also describes the circumstance wherein an attorney causes or allows another party to lie. In American federal law, 18 U.S.C. § 1622 provides:
Whoever procures another to commit any perjury is guilty of subornation of perjury, and shall be fined under this title or imprisoned not more than five years, or both."


Saturday, July 28, 2012

Banker Arrests


July 28, 2012

Cindy has graciously taken on the task of collecting reports of banker arrests into one list.  You will find a permanent link to her web page at the top of my blog under "BANKERS ARRESTED"

http://consciouslyconnecting.blog.com/2012/07/25/bankers-and-brokers-and-inside-traders-arrested-oh-my/


Out of curiosity I Googled bankers, brokers and inside traders with arrested and July. Here’s the results:

Thursday, July 26, 2012

Photos From Inside James Holmes San Diego Bedroom

Composite Photo courtesy  http://the2012scenario.com/ 
July 26, 2012

From a source requesting anonymity:

First of all, I've been following your blog since the banking resignations and would like to extend my thanks and gratitude for your service, as I now check it for updates daily. You may or may not be interested in this information, but my only request is that if you decide to use it I remain anonymous, as the ramifications could easily and likely result in the loss of my job. 

I manage ............for a ....... company in San Diego. One of my reps received an appt ......... in Rancho Penasquitos, for a client by the name of Robert Holmes. He immediately came to me with the lead, as he suspected this could possibly be the parents home of alleged CO gunman (most likely the real James Holmes, and not this off look alike the media is now portraying to be him). 

On the lead sheet it stated there would be a security guard on site and to show your badge in order to get the keys from the neighbors, so we could get inside and do our inspection. Inside James childhood bedroom, which we were told by the neighbors he had not lived in full time since he moved away for college, I was able to snap a few pictures if his book shelves. I know this was an invasion of privacy, but considering I believe this whole story is a bunch of BS, I figured it was worth the risk and could do no harm to do a little of my own recon, which I would like to think of as my quest for truth, by finding out what kinds of books "the real James" used to read. 

This email, followed by 2 more, include the pictures I was able to quickly snap off with my iPhone yesterday. There's quite a bit to look at, but I would recommend paying extra close attention to the series of 3 David Sherman & Dan Cragg series novels he has grouped together, called "Starfist." Flashfire, Backshot and Pointblank are the titles. A simple amazon search for the books  and Wikipedia search for David Sherman sheds some interesting light on the selection of reading material James was into...hardly that of a cold blooded killer. 

Something else I found interesting is that when we spoke to Robert over the phone he said he was hiding out essentially, and could be ducking out to a new location at moment's notice, so there would be no way for us to send him an original contract to sign. It's obvious he doesn't want anyone to know where he is, which is understandable considering the situation. However, the extremes and lengths to which he is going to, to move from location to location seems a little bit excessive for a man who wants to avoid 'only' media attention...seems to me he is hiding out from a much bigger power, with a much mightier will. I will leave this to you for your take on the whole situation. 

Anyways, you may not think much of it at all, but after listening to your interview on Stephen Cook, I feel we share the same mission, which is to bring Truth to the masses and Light to the world. 

Blessings to you!  Keep up the good work!





Closeup of Books 



Wednesday, July 25, 2012

James Holmes Photos -These Aren't the Same Man


Photo sent to me by CW
July 25, 2012

CW sent me this photo comparison of two James Holmes photos from the media.  They don't look like the same man to me, unless he's nose job, ear pinning, and redone eyes.Very strange.

Photo Courtesy Sydney Morning Herald

Photo Courtesy Rense.com (added 7/29/12)

Tuesday, July 24, 2012

Goverment Admits Thimerosal (Mercury) in Vaccines Causes Autism


cartoon courtesy http://www.theattleborozone.com/pages/vac_rec
July 24, 2012

http://www.ncbi.nlm.nih.gov/pubmed/12773696

Exp Biol Med (Maywood). 2003 Jun;228(6):660-4.
Neurodevelopmental disorders after thimerosal-containing vaccines: a brief communication.
Geier MR, Geier DA.


Source
The Genetic Centers of America, Silver Spring, Maryland 20905, USA. mgeier@erols.com

Abstract
We were initially highly skeptical that differences in the concentrations of thimerosal in vaccines would have any effect on the incidence rate of neurodevelopmental disorders after childhood immunization. This study presents the first epidemiologic evidence, based upon tens of millions of doses of vaccine administered in the United States, that associates increasing thimerosal from vaccines with neurodevelopmental disorders.

Specifically, an analysis of the Vaccine Adverse Events Reporting System (VAERS) database showed statistical increases in the incidence rate of autism (relative risk [RR] = 6.0), mental retardation (RR = 6.1), and speech disorders (RR = 2.2) after thimerosal-containing diphtheria, tetanus, and acellular pertussis (DTaP) vaccines in comparison with thimerosal-free DTaP vaccines.

The male/female ratio indicated that autism (17) and speech disorders (2.3) were reported more in males than females after thimerosal-containing DTaP vaccines, whereas mental retardation (1.2) was more evenly reported among male and female vaccine recipients.

Controls were employed to determine if biases were present in the data, but none were found. It was determined that overall adverse reactions were reported in similar-aged populations after thimerosal-containing DTaP (2.4 +/- 3.2 years old) and thimerosal-free DTaP (2.1 +/- 2.8 years old) vaccinations.

Acute control adverse reactions such as deaths (RR = 1.0), vasculitis (RR = 1.2), seizures (RR = 1.6), ED visits (RR = 1.4), total adverse reactions (RR = 1.4), and gastroenteritis (RR = 1.1) were reported similarly after thimerosal-containing and thimerosal-free DTaP vaccines. An association between neurodevelopmental disorders and thimerosal-containing DTaP vaccines was found, but additional studies should be conducted to confirm and extend this study.

Comment in
Questions about thimerosal remain. [Exp Biol Med (Maywood). 2003]
PMID: 12773696 [PubMed - indexed for MEDLINE] Free full text
Publication Types, MeSH Terms, Substances

Publication Types
Comparative Study

MeSH Terms
Adverse Drug Reaction Reporting Systems
Child, Preschool
Databases, Factual
Developmental Disabilities/chemically induced*
Developmental Disabilities/epidemiology
Diphtheria-Tetanus-acellular Pertussis Vaccines/adverse effects*
Diphtheria-Tetanus-acellular Pertussis Vaccines/chemistry
Female
Humans
Infant
Male
Nervous System Diseases/chemically induced*
Nervous System Diseases/epidemiology
Population Surveillance
Preservatives, Pharmaceutical/adverse effects*
Preservatives, Pharmaceutical/chemistry
Risk Assessment
Thimerosal/adverse effects*
Thimerosal/chemistry
United States/epidemiology
United States Food and Drug Administration

Substances
Diphtheria-Tetanus-acellular Pertussis Vaccines
Preservatives, Pharmaceutical
Thimerosal
LinkOut - more resources

Full Text Sources
HighWire Press
Swets Information Services

Other Literature Sources
IndexCopernicus

Medical
Neurologic Diseases - MedlinePlus Health Information
Developmental Disabilities - MedlinePlus Health Information


Molecular Biology Databases
THIMEROSAL - HSDB

Tuesday, July 17, 2012

The Vatican Bank Is Reportedly Under Investigation For Laundering Millions For A Mafia Godfather


AP Photo/Riccardo De Luca

July 17, 2012

http://www.businessinsider.com/vatican-bank-new-investigation-targets-mafia-links-2012-6

June 14, 2012, 11:54 AM 


New reports detailing widespread corruption and money laundering in the Vatican are coming out again, this time linking the Vatican with Sicilian mafia bosses, the Telegraph reports.

Sicilian mafia Godfather Matteo Messina Denaro and Father Ninni Treppiedi are the two names being mentioned in this episode.

Treppiedi, formerly the cleric of Aclamo, the richest parish in mafia safe haven Sicily, was relieved of his duties earlier this year when his bank's transactions attracted the attention of anti-mafia investigators. The transactions, which date back to 2007-2009, are said to involve millions of euros, according to RT.

Prosecutors believe the transactions may have been attempts at laundering the riches of Mafia Godfather Denaro. Denaro is said to be one of the most wanted men on earth, and has something of a celebrity status in Italy (he appeared on the cover of l'Espresso in 2001).


The lack of transparency in the Vatican's financial dealings was even recently questioned by JPMorgan Chase, shutting down the Vatican's bank account in Chase's Milan branch.

Friday, July 13, 2012

A Simple Explanation of Securitization




JULY 13, 2012

This was originally written in terms of South African Rand, I've changed Rand into Dollars, and various British spellings for sake of clarity to American readers. I apologize for the lack of attribution, I do not know who the original author is. -Terran

A Simple Explanation of Securitization

It is the simple basic task of taking a whole pile of simple single things, joining them all together and calling the collective of them all a new thing, and then selling that thing.

In the banking sector its the taking of a bunch of loans, bundling them together, calling a group of 10 loans a 'structured investment vehicle', and then selling the 'structured investment vehicle' to someone else.

In the Stock Exchange it just taking a group of separate stocks, bundling them together, calling them a unit trust, and selling a unit trust.

In the insurance industry its just taking a bunch of insurance policies, grouping them all together, calling them a re-insurance group, and selling the re-insurance group.

The underlying common principle behind every one of these acts is that the new thing that is formed is not an actual physical thing, and therefore somebody is not paying for an actual physical thing and that is where the whole monetary system collapses.

It's the whole 'widgets in your hand' story.

If you have a factory making widgets and it makes 10 widgets and sells them for $1 each, then the factory has received $10 rand and somebody else has 10 widgets. If that someone else then bunches them together into a 'box of widgets' and sells "A box of widgets" to someone else for $15, then someone else has paid $15 for 10 widgets THAT ARE ONLY WORTH $10.

If that someone else ever tries to sell one of those widgets he has to ask $1.50 for it just to break even, but no-one will ever pay him $1.50 for it because they can buy it from the widget factory for $1.00 already, so at some stage someone will always end up sitting with something that he has paid too much money for that he cannot sell to anyone. And if that someone is a bank, who said to 10 customers give me $1.50 each so that we can buy this 'box of 10 widgets' for $15, and therefore the bank didn't use their own money, then the bank just turns round to those 10 guys and just says "sorry I've lost your money its not my problem its you who lose out, I'm alright jack because I just get paid a salary for going shopping for "boxes of widgets."  And those 10 customers who gave the bank their money are left sitting with a widget each that they have paid $1.50 for that anyone else can buy at the widget factory for only $1.00.


It doesn't matter if widgets are house loans, stock shares, insurance policies, personal loans, investments, rare paintings, whatever, and they call it securitization or re-insurance or unit trusts or underwriting or whatever, as long as somebody is taking AND DOING NOTHING TO IT (Adding no value) AND CHARGING SOMEBODY ELSE MORE FOR IT, THERE WILL ALWAYS BE AN END PERSON GETTING STUCK WITH IT WHO HAS PAID TOO MUCH FOR IT AND CANT GET HIS MONEY (OR THE PEOPLES WHOSE MONEY HE IS USING) BACK.

(Of course house prices going up and down and stock fluctuations and exchange rates all play a part but the above is the basic fundamental principle)

Of course all of this must never be confused with someone buying widget A (a car engine) for $1 and widget B ( a car body) for $1 and widget C (tires glass seats etc) for $1 and putting them all together to make widget D (a fully functioning car) and selling that for $5. In that instance the person buying widget D (a fully functioning car) IS GETTING SOMETHING THAT DIDN'T EXIST BEFORE so therefore its right to pay more for something that didn't exist before.

But with Securitization etc, THEY ARE NOT MAKING SOMETHING THAT DIDN'T EXIST BEFORE. There is no more widgets than there were before, there are no more houses than there were before, there are no more signed loan agreements than there were before, there is no more stocks or shares than there were before, there is nothing more than what was just there originally but somebody is paying more for just exactly what was there before, and that is where the system will always fall apart.

It's exactly the same as interest.

$100 exists

It sits in the bank
The bank lends 10 people $10 each
Still only $100 exists.
each person has to pay back $11 to the bank
They can't, $110 doesn't exist, it cannot be done.

They will keep paying until they have each paid $10 and then they are stuck, another $1 each DOES NOT EXIST to pay back.

So then the whole system will collapse.

That is a very simplified version and the borrowing goes on and on for decades before it all falls apart but the basic principle is the same.*

*Terran Note: this is also why under our current economic system there will always be losers, poverty, and unemployment, its a direct result of a system that by nature is not sustainable, since the banking system creates no real new net value, it only extracts value.




Editorial in Oil Industry Trade Magazine Focuses on LENR Threat



July 13, 2012

Note: LENR = Low Energy Nuclear Reaction (aka Cold Fusion)

Editorial in Oil Industry Trade Magazine Focuses on LENR Threat

July 7, 2012
Many thanks to reader Steve Jacobs who sent this comment today ( I just got home and approved it — all comments from first time posters are moderated)

“I am from the petroleum industry and LENR is now being watched closely. An article was just published in the July Journal of Petroleum Technology. I authored it. LENR is definitely on the radar.”

I was able to find an online version of the article which is a guest editorial in the JPT entitled “On the Precipice of a New Energy Source” co-authored by Steve Jacobs, COO of Decision Strategies, Patrick Leach, CEO of Decision Strategies, and David J. Nagel, CEO of NUCAT Energy.

Decision Strategies is a Houston, Texas based consulting firm that advises the petroleum, chemicals, and oilfield services industries. NUCAT Energy provides educational and consulting service in the field of LENR.

I thought the introduction was very thought provoking and appropriate. It starts out:
In the late 1850s, the whaling industry was in a veritable boom in the town of Lahaina on the Hawaiian island of Maui. Business was great and many in the whaling industry believed that increased demand would continue for decades to come. But in 1859 oil was discovered in Titusville, Pennsylvania by Edwin Drake. The rest is history.
That was 150 years ago. A small but increasing number of people around the world believe we are on a similar course, except that this time it is the petroleum industry that might be threatened.
The article then goes on to provide an overview of the history and current state of LENR, and discuss its very disruptive nature should it emerge as a useful source of energy.

The authors do not predict that LENR will definitely replace petroleum’s place as a primary energy source, but are willing to countenance that it is a real possibility. They emphasize that the petroleum industry needs to be prepared to deal with the possible disruptions that could come if LENR pans out to be a viable alternative energy source. They state:
If proven to work, what impact would LENR have on the petroleum industry? It is difficult to say for certain, but it would undoubtedly be significant. The vast preponderance of oil is used for transportation and heating which would now be competing with LENR. While there would still be need for petroleum chemicals and other applications, collectively these end uses represent less than about 20% of each barrel. Natural gas would not fare much better; its main applications are heating and electricity. If LENR works the impact on the petroleum industry, power generation and coal industry would be enormous.
It’s quite a significant thing in my opinion, for an article like this to be published in a respected publication in the petroleum industry. The Journal of Petroleum Technology is the official magazine of Society of Petroleum Engineers. I would not be surprised if this starts a conversation among professionals in the oil industies, and leads to more attention being paid to the emerging LENR story.

To read the article you will need to go to this link, http://www.mydigitalpublication.com/publication/?i=116298and choose ‘Contents’ from the menu at the top. The article begins on page 18.

Wednesday, July 11, 2012

Tuesday, July 10, 2012

🛸 What My Father Saw in World War II



July 10, 2012

My father saw these in WWII as a P-38 fighter pilot. He dive bombed German supply trains and munitions factories.   He also saw German built jet aircraft breaking the sound barrier.

This clip is a fictional account from the Steven Spielberg TV mini-series "Taken" (not to be confused with a very different Liam Neeson movie by the same name). Its very much like dad described of a mission over Germany, while I working for him during my high school summer break.

Dad always believed UFOs were real. He saw them.  My heart jumped when I saw this sequence on TV. Remember these men had no preconceptions of UFOs, they didn't know what they were.

WWII pilots called them "foo-fighters", perhaps a corruption of French words "le feu" for "the fire",Wikipedia has an article on foo-fighters here.

After seeing this clip I realized the remarkable youth my father had. Unfortunately he had passed away when this aired. I was unable to ask him questions.  Do we every really know who our parents were?






Dad in front of his P-38 Foggia Italy

Sunday, July 8, 2012

💰Salmon Portland Chase,
Ended overt US human slavery,
began human debt slavery.


Salmon P. Chase's Portrait on the $10,000 bill.
July 8, 2012

"Poof" (who posts on Rumor Mill News) mentioned something about how our current situation goes back to the Civil War, and I believe that is indeed true.  This is a little bit of research I did last year, I don't claim its complete, there's much I am still learning but I noticed neither Benjamin Fulford nor David Wilcock have gone into this part of American history all that much.

From my personal research the civil war is the start of the circumstances that inserted the cellophane wrapper of the corporate US of A between the people and the Republic and the organic US Constitution.  The USA went bankrupt with the costs of the Civil War and the USofA lacked liquidity after the crash that resulted from pumping and dumping of the Railroad stocks by the Rothschilds and allied bankers. U.S. Grant did a deal with the devil, the Rothschild bankers, to regain liquidity of finances.

Salmon P. Chase, a Senator from Ohio who opposed Slavery, was made Secretary of the Treasury in Lincoln's administration.  He was also later a Supreme Court Justice.   Chase, as US Secretary of the Treasury, introduced our paper money system and created the first market for US Bond sales (government debt) with Jay Cooke and Company, who operated a telegraph based bond marketing system across the USA.  Cooke and Company partners were later involved in some serious financial scandals.

The "greenback" as a demand note, got its start in 1871-1872 during Chase' tenure. A demand note is a loan with no set period of payback.  Salmon P. Chase's portrait appeared on the now discontinued $10,000 note and he was the man to add the words "IN GOD WE TRUST" to our money.


Terran note 8/22/2020: The phrase "IN GOD WE TRUST" is not a reference to trusting the providence of God/Source.  Its a reference they are using a legal trust that is funded by inbodyments of Source (aka the Children of God),  This is a form of hidden in plain sight disclosure.  Very few get what it really means. 

🛸 UFOs over Hollywood - 7/8/2012

July 8, 2012

Saturday, July 7, 2012

Thursday, July 5, 2012

🪐NASA Discovers Portals in Space Between the Earth and the Sun


A NASA funded research project has discovered the
 existence of unexplained portals between 
the Earth and the Sun
July 5, 2012

http://www.dailymail.co.uk/news/article-2168938/NASA-discovers-portals-space-Earth-Sun-dont-book-ticket-just-yet.html



NASA discovers portals in space between the Earth and the Sun (but don’t book your ticket just yet)
By JAMES NYE

NASA has turned science fiction into science fact by announcing the discovery of hidden 'portals' in Earth's magnetic field.

Called X-points or electron diffusion regions, rather than being intergalactic folds in space leading to different galaxies and planets, these portals aid in the transfer of the magnetic field from the Sun to Earth.

Essentially, these portals aid in the transfer of tons of magnetically charged particles that flow from the Sun causing the northern and southern lights and geomagnetic storms.

'We call them X-points or electron diffusion regions,' said University of Iowa plasma physicist Jack Scudder, who is studying them.

'They’re places where the magnetic field of Earth connects to the magnetic field of the Sun, creating an uninterrupted path leading from our own planet to the sun’s atmosphere 93 million miles away.'

Surrounding the Earth at distances from 10,000 to 30,000 miles away, the portals have been observed by NASA's THEMIS spacecraft and Europe's Cluster probes.