Gold closed up today to the tune of $5.80 to finish the comex session at $1675.20.  Silver however finished lower by 24 cents to $31.70. Today was quite a day as the bankers showed up early bashing gold and silver but that was to no avail as gold and silver rose despite the huge fall in the Euro. Gold in Japanese yen rose to 155,180 yen per oz.

The big news for today without a doubt comes from Europe.

i)  The Greek isles have been cut off the mainland for 6 straight days as strikes intensify.  Slowly but surely Greece's GDP will spiral done to nothing.  Can you imagine all of its sovereign bonds that are used as tier one assets allowing the 24:1 leverage we are witnessing at major banking institutions.

ii) Problems inside the Italian Banca Monte dei Paschi:  Today we learn that Draghi lied outright.  He knew about the derivative losses while he ran the Central Bank of Italy.  However he claims that he could not do anything about it, it was the job of bank supervisors.  However the bank supervisors claim that Draghi refused to do anything as probably in 2008-2009 it could have very well brought the whole house of cards falling down.  Monte de Paschi is a public company and not to do anything and allowing investors to buy the stock claiming everything is OK is simply shameful.

Mr Bersani, the leader of the party wishing to win the Premiership of Italy has strong ties to the bank. Mr Bersani is now faltering at the polls and Berlusconi is the recipient of this largess. Berlusconi, if you will recall was thrown out of office by Draghi and you can bet the farm that Berlusconi would like to return the favour.
The problem with Berlusconi:  he wants to exit the EU.

iii)  The Spanish leadership has received "donations" from construction companies for many years and many of the Spanish leaders benefited greatly from this.  The leaders lavished themselves with euros and deposited much of this in Swiss bank accounts.  They rewarded contractors with public projects.
This will surely bring down these politicians..and thus Spain.

http://harveyorgan.blogspot.ca/2013/02/italian-banks-plummet-on-more-woes-for.html

Inbred Oil Kings, Bush League Crime & the End of the Energy Oligopoly

With revolution percolating through the oil-rich sands of the Middle East, the Rothschild/Rockefeller energy oligopoly that has enslaved humankind and decimated planet Earth for the last century is coming apart at the seams. The arrogance and stupidity of the self-proclaimed “illuminated ones”, who operate their energy matrix from the City of London, is being writ large for all to see.

Troops from Saudi Arabia and the United Arab Emirates (UAE) have entered Bahrain to help the al-Khalifa petro-monarchy put down pro-democracy protests.  Protests have been violently suppressed in Kuwait and Saudi Arabia.  This desperate coercion, condoned by Western powers, represents a last-ditch effort at salvaging the Gulf Cooperation Council (GCC) – the neo-colonial modus operandiorganized by the London banksters.

(What follows is excerpted from Big Oil & Their Bankers…)

The Saudis have over $600 billion invested abroad. Citigroup owns 33% of the Saudi American Bank but is itself now controlled by members of the House of Saud. In 1993 Saudi Prince al-Waleed bin Talal, owner of Saudi Commercial Bank, plunged $590 million into Citibank. bin Talal now owns 17.34% of Citigroup, while Crown Prince Abdullah owns a 5.4% share, making them the bank’s two largest shareholders. bin Talal is also the 2nd largest shareholder in Rupert Murdoch’s Newscorp, parent of Fox News and the Wall Street Journal.

The Saudi Citigroup share purchases were facilitated by the Washington-based Carlyle Group, which is 20% owned by the Mellon family that owned Gulf Oil and now owns a large chunk of Chevron Texaco. Carlyle is led by former Reagan and Bush Defense Secretary and Reagan NSC Chairman, Frank Carlucci.  George Bush Sr., James Baker III, and former British Prime Minister John Major, are senior advisers and board members at Carlyle.

Bush Sr. served as Carlyle investment advisor to the bin Laden family until November 2001.

Just one month before Iraq invaded Kuwait, George W. Bush sold 66% of his stake in Harken Energy at a 200% profit. While stock analysts like Charlie Andrews of 13D Research were putting out “buy” recommendations on Harken, on June 22, 1990 Bush cashed in $840,000 in Harken stock, later saying he “sold into good news”.

Bush knew that Harken had violated the terms of a loan package and was now on the ropes financially. Five weeks later Harken reported a $23 million loss and its stock price crashed.

Bush didn’t report his timely Harken Energy stock sale until March 1991. This was illegal, but Bush claimed the SEC had misplaced the forms and he was never prosecuted. In 1993 Bush stepped down from Harken’s board. With heavy financial backing from Enron, he became Governor of Texas.

Bush was defended during the Harken scam by Baker, Botts lawyer Robert Jordan, who now-President Bush paid back in 2000 with an appointment as US Ambassador to Saudi Arabia. The forgiving SEC chief during the Harken debacle was Richard Breeden, one of Bush Sr.’s biggest political supporters. SEC counsel was James Doty, another Bush supporter who helped George W. buy the Texas Rangers baseball team.

When George W. Bush merged Harken with Spectrum 7 Energy, he brought in Investcorp insider Abdullah Taha Bakhsh, who bought 17.6% of Harken through a Netherlands Antilles holding company. Some say Baksch was a front man for Sheik Khalid bin Mahfouz. Baksch was a major investor at the Bahrain-based Investcorp, which was launched by former Chase Manhattan executives. In 1988 he looted an Arab bank in London.

Bakhsh was also accused of looting the Al Saudi Banqueof Paris when it collapsed in 1988 just ahead of the strikingly similar collapse of BCCI. Bakhsh is a shareholder in First Commercial Financial Group, a Chicago-based commodity futures trading firm which was sanctioned by US regulators for check-kiting and fraud. Just before the Gulf War broke out, Investcorp sold a 25.8% share to an Iraqi company, despite a Bahrain law prohibiting such transactions.

More here:

http://www.veteranstoday.com/2013/02/04/inbred-oil-kings-bush-league-crime-the-end-of-the-energy-oligopoly/



http://www.forum4finance.com/wp-content/uploads/2010/08/Credit-Default-Swaps.jpg

The treasonous Fed, headed by bald headed punk Bernard Bernanke, keeps feeding these crooked banks with free casino chips aka lines of credit called credit default swaps with the banks able to absorb these costs at zero percent interest rates.
 

http://images.huffingtonpost.com/gen/41156/thumbs/s-BAILOUT-large.jpg

Note: The credit default swaps represent the illegal use of U.S. Taxpayers' money by the criminal Fed in ongoing treasonous bank bail outs.

What the crooked banks plan to do is take profit in the cash market even if they take a loss on their written option positions before the market rolls over.

WARNING: The problem is that the computer algorithms could easily go hybrid, which will drastically increase volatility leaving the mutated algorithms unable to convert back to the prime number 10, which, of course, would lead to the collapse of all the banks.

P.S. It should be defined that when you write an option with the exchange that you take a futures position, which requires REAL collateralized margin to carry your trades.

The crooked banks are actually using un-collateralized written option positions to create more positions in the aforementioned financial markets.

At this hour, the crooked banks have exposed the entire mutual fund investments as well as the entire savings deposits of average Americans who have their accounts at these crooked banks.

We are looking at a real possibility of a massive Black Swan event.



http://www.legalnewsline.com/content/img/f236672/SZ200_cftclogo.jpghttp://media.futuresmag.com/futuresmag/article/2012/10/30/NFAlogo-resize-380x300.jpg

P.P.S. It is also important to remember that the corrupt financial regulators: the CFTC, the NFA and the SEC (who are directly controlled by the crooked banks) are allowing these crooked banks to use un-collateralized naked options as margin in this latest financial house of cards.

The CFTC, the NFA and the SEC and their handlers, the crooked banks, continue to be in total violation of the Commodities Exchange Act of 1936 and the Securities Exchange Act of 1934.

Definition: The Commodities Exchange Act of 1936 states categorically that is only the Commodity Exchange that can be the final arbiter and clearing agent of trades made in customers' segregated accounts.

What the aforementioned regulators have done is illegally, and yes, UN-Constitutionally, let the crooked banks become counter parties to the Commodity Exchange.

The aforementioned corrupt financial regulators have done nothing since the 2008 financial debacle to correct the problem, in fact, they have made it worse, which means another MFGlobal-PFG fiasco is right around the corner.

In closing, direct message to the corrupt financial regulators:

We demand you reimburse 100% of the PFG customers segregated accounts tied to the PFG collapse and you do it NOW!



http://www.smithgroupjjr.com/articles/493/media/928.jpg


The fund were looted by a crooked bank holding company named Jefferies and are now sitting in a corrupt U.S. bankruptcy court in Chicago, Illinois.

http://www.myspace.com/tom_heneghan_intel/blog/

 

History of Money Creation Website:

Fascism

Fascism (play /'fæ??z?m/) is a form of radical authoritarian nationalism.[1][2] Fascists seek to unify their nation based upon suprapersonal connections of ancestry and culture through a totalitarian state that seeks the mass mobilization of the national community through discipline, indoctrination, physical training, economic corporatism [3][4] and eugenics.[5][6] Fascism utilizes a vanguard party to initiate a revolution to organize the nation upon fascist principles.[7] The fascist party and state is led by a supreme leader who exercises a dictatorship over the party, the government and other state institutions.[8] Fascism views direct action including political violence and war, as a means to achieve national rejuvenation, spirit and vitality.[5][9][10]

Fascism recognizes the existence of class conflict in societies, and advocates a resolution to end the division of classes and secure national solidarity.[11] However fascism publicly favours proletarian culture, and claims that cultural nationalization of society emancipates the nation's proletariat, and promotes the assimilation of all classes into a proletarian nation.[11]

Fascism advocates a state-controlled and regulated mixed economy; the principal economic goal of fascism is to achieve autarky to secure national self-sufficiency and independence, through protectionist and interventionist economic policies.[12] It promotes regulated private enterprise and private property contingent whenever beneficial to the nation and state enterprise and state property whenever necessary to protect its interests.[12]

Fascism was founded during World War I by Italian national syndicalists who combined left-wing and right-wing political views.[13][14] Fascists have commonly opposed having a firm association with any section of the left-right spectrum, considering it inadequate to describe their beliefs,[15][16] though fascism's goal to promote the rule of people deemed innately superior while seeking to purge society of people deemed innately inferior is identified as a prominent far-right theme.[17] Fascism opposes multiple ideologies, such as: communism, conservatism, and liberalism.[18]

 
 
The War on Terror is a Hoax - 9/11 was an Inside Job - Full-Size Sticker
 
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THE SKEET HUNTER by Colonel Flick/WilliamBanzai7

obey poster skull monster picture and wallpaper