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Changing the old system.

How the New York Times Hides the Truth About Wall Street's Catastrophic Misdeeds

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The paper of record is in serious need of a fact checker when it comes to whether the Glass-Steagall Act could have prevented the financial crisis.

AlterNet By Pam Martens
July 1, 2012
 
 
The following piece is a co-exclusive
with Wall Street on Parade.

The paper of record is in serious need of a fact checker when it comes to whether the Glass-Steagall Act could have prevented the financial crisis. Promoting ignorance could help sink the financial system -- again.

Governments Don’t Manipulate the Price of Gold … Do They?

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By Washingtons Blog - July 11th, 2012, 1:30AM
 

Gordon Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large American Bank

 

The Telegraph’s Thomas Pascoe reported Thursday:

One decision stands out as downright bizarre, however: the sale of the majority of Britain’s gold reserves for prices between $256 and $296 an ounce ….

When Brown decided to dispose of almost 400 tonnes of gold between 1999 and 2002, he did two distinctly odd things.

Gold May Have Been Manipulated Like Libor: Expert

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GoldSeek.com
 Posted Tuesday, 10 July 2012

Gold may have been manipulated like the London interbank rate or Libor over a long time frame, Ned Naylor-Leyland, investment director at Cheviot, told CNBC.

The scandal surrounding the fixing of the Libor has opened markets up to “more scrutiny and more investigation,” Naylor-Leyland said.

He expects to see revelations over the next few months that the price of gold was also manipulated because "gold and silver reflect the true value of money the same way interest rates do."

"It is effectively an intervention in two ways; one would be the fact that for central banks, gold and silver going up doesn't make their currency look any good, and secondly a number of the big commercial banks have very large short positions which they like to manage and make easy money from," he said.

A formal investigation into the manipulation of silver has been going on for two years in the U.S. “Although there is a lot of evidence that it is taking place, nothing has come out of the investigation yet,” Naylor-Leyland said.

Incontinence at the VaticanPope Takes German Satire Magazine to Court

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Incontinence at the VaticanPope Takes German Satire Magazine to Court

Pope Benedict XVI is furious over the cover of a German satire magazine that shows him soiled.Zoom

DPA

Pope Benedict XVI is furious over the cover of a German satire magazine that shows him soiled.

German satire magazine Titanic believes it has found the source of the Vatican leaks, and the pope is not amused. Benedict XVI has taken the publication to court after it published an image of him soiling himself.

 

Heavenly justice can only be administered by God, but on Earth, it is a job for the courts. Which is why Pope Benedict XVI has now had a cease and desist order filed against the German satire magazine Titanic. Matthias Kopp, spokesperson for the German Bishops' Conference, confirmed to SPIEGEL ONLINE that archbishop Angelo Becciu has contracted a law firm in the Western German city of Bonn in the name of the Pope.

 

 

The front and back covers of the current issue of the magazine are illegal and harm the holy father's legal rights, says Kopp. "Titanic oversteps every measure of decency," he says.

HAPPY BIRTHDAY TESLA!

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10 Invention of Nikola Tesla that (could) Change the World

 

Nikola Tesla was born at midnight on July 9, 1856 in Smiljan, Lika, Croatia. He was known to say, “I am a Serb but my fatherland is Croatia.” At the age of twenty-six while walking with a friend in a park in Budapest, Nikola recalled,

“…the idea occurred to me like a flash of lightning and in a second the truth revealed itself. With a stick I drew in the sand the diagrams…”.

He was talking about an alternating current (AC) induction motor. Nikola patented his motor in 1893 and used it to light the World Columbian Exposition in Chicago in the same year. Then in 1896 the world’s first hydroelectric power was sent from Niagara Falls to light the city of Buffalo. Nikola Tesla, through George Westinghouse, had laid the foundations of the power system used around the world today.

Many scientists and individuals acknowledge Tesla’s foresightedness and accredit him as being the originator of many of today’s inventions. The wording to describe Tesla’s 1891 carbon button lamp (the “brush”), with minimal word change, serves well as a description of the million-magnification point electron microscope developed by Vladimir R. Zworykinin 1939. The “brush” has also been related to the cyclotron and the atom smasher.

Mexicans Protest PRI Victory

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Care2.com
by

  • July 9, 2012 10:00 am

Mexicans Protest PRI Victory

Thousands upon thousands of protesters gathered together on Saturday in Mexico City to denounce the recent presidential victory of Enrique Peña Nieto. The president-elect is part of the PRI, or Institutional Revolutionary Party, which ran Mexico for almost the entirety of the twentieth century.

The Examiner’s Beatriz Schiava provides perhaps the most succinct explanation as to why so many Mexicans are upset at the recent PRI victory:

All That Glitters: Is the Gold Market Rigged?

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GFP Note: A recent article indicates that silver will form the final stake that brings down the "Banking Industry."

Exclusive: Mark Leibovit on how recent events will affect precious metals.

WND Commentary
by Mark Leibovit


 

In my VR Gold Letter, I have recently pointed out the “seasonal” tendency for a rally in July, even though there could also be risk of another sell-off into the fall before the traditional September-to-February bigger seasonal rally. Well, it appears we’re underway.

Interestingly, the confluence of potentially bullish regulatory/political events has helped confirm these positives, most notably the work of Ron Paul, the Barclays Libor scandal and the accusation that JP Morgan has been “manipulating” (suppressing) the silver market for several years. Bringing these events to light might now dramatically change the dynamics of the metals markets – allowing supply and demand, rather than illicit actions, to determine prices.

John Ward – Planetary Rates Scam : Nobody Can Deny It Now

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John Ward – Planetary Rates Scam : Nobody Can Deny It Now – 10 July 2012

Posted on July 10, 2012 by lucas2012infos 

Reuters joins MSM chorus accepting global knowledge of Libor frauds

Further to previous Slogposts about themultinational nature of Libor manipulation – and the authorities’ knowledge of the same – Reuters said this today….

‘The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities.

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