Legal Name Fraud Explained


“People will walk in circles within the matrix until they decide, once and for all, they’re not a legal anything….only the absolute removal of the literal idea of being a legal anything will finally put you out side of the box of this boxed legal matrix.”

Kate of Gaia

Legal Name Fraud Explained

by kate of kaia

Before any fraud can be revealed, a simple understanding of what fraud actually is is critical to grasp the enormity of the fraud placed on humanity overall. Fraud is simply a knowing attempt to deceive another to steal from them. Plain and simple, a fraud is hidden theft. What humanity is finding difficult to accept is the actual level of theft that has been achieved over every man, woman and child on what we call earth. Humanity has been duped into In-dependence upon the very thing that is draining their very souls of life and, literally, feeding it to the hounds of Hell. Not one part of humanity’s day to day activities escape this perfect net if you’re still willing to be their fishies. Every aspect of what you THINK of as a normal kinda day is soaked and dripping in this…

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The Most Feared Equation In The World


whatdoesitmean

“The techniques I developed for studying turbulence, like weather, also apply to the stock market.”

Benoit Mandelbrot (1924-2010) Polish-born, French and American mathematician who discovered the Mandelbrot set of intricate, never-ending fractal shapes named in his honor.

 

Special Report from Sister Ciara


 

The mathematical equation you are viewing right above these words is, without a doubt, the most feared one in the world—so feared in fact that it led to one of the world’s top economists, Martin Armstrong, being jailed without charges or trial for over 7 years in the United States because he not only discovered how this equation worked in relation to stock markets, he refused to divulge exactly how he discovered it was so.

The complete saga of how Martin Armstrong rose from being a millionaire at the age of 15, to becoming the most feared economist in the world is not the intention of this letter—but is a most fascinating story everyone should become acquainted with, and just click HERE to find out why.

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Instead what I want to focus on here is how, like Martin Armstrong applied this equation to stock markets, the Sisters have, likewise, successfully applied it to news—more specifically “predictive news”.

This most feared equation is called the Mandelbrot Set and is the set of complex numbers c for which the function f(z)=z²+c does not diverge when iterated, i.e., for which the sequence f(0), f(f(0)), etc., remains bounded—and don’t worry if you don’t understand this because even some scientists have enormous difficulty understanding it too.

And just like one can use a modern smartphone without having the slightest idea of how it is made, or even being able to describe all of the parts that make it, so too is the Mandelbrot Set utilized in many spheres and disciplines by experts who can’t fully describe it, they only know that it works.

At the heart of the Mandelbrot Set equation, you see, is the repetition of patterns at all scales from micro (tiny) to macro (large)—which more simply put means that everything known to man is locked in a never ending series of repeating cycles.

And with this being so, the ability to predict anything is only limited by knowing its full cycle—which for almost everything is nearly impossible due to the infinite universe we live in.

This cannot, however, be said about the historical cycles of man (History Always Repeats Itself) as for thousands of years the circular nature of governments, societies, economies, wars, you name it, have not only been extremely well documented, they make the world we live in today as predictable as the headlines of yesterdays newspaper.

Even the Bible knows the truth of Mandelbrot Set and in the Old Testament Book of Ecclesiastes (Chapter 1 Verse 9) it plainly states: “What has been will be again, what has been done will be done again; there is nothing new under the sun.”

Just knowing the Mandelbrot Set equation though, and attempting to apply it to whatever ones particular discipline may be, is not easily done because of the “synergy of experience” needing to make it work—after all, and as well put by Martin Armstrong himself, “I can read a book on how to do brain surgery. Would you like to be my first patient?”

But in the right hands of those knowledgeable, like the Sisters, about the Mandelbrot Set, and in knowing the “cycles of man” too, the results of combining them are astoundedly predictive and have produced for us these results:

On 28 June 2007, the Sisters in their report titled US Banking Collapse ‘Imminent’ Warns French Banking Giant gave you a nearly one and a half years warning about the 2008 global market crash.

On 25 October 2008, the Sisters in their report titled Iranian Leader In Secret Meet With Obama At US Military Stronghold In Hawaii gave you a 7 year warning about the United States rapprochement with Iran this past week.

On 1 August 2014, the Sisters in their report titled India Shocks World, Joins Russia Against Obama Regime told you the truth that the Western invasion of Libya was related to the planned Gold Dinar, and which only this week a US State Department email released under court order confirmed was true.

These are only three of the hundreds of such examples I can cite (and for those of you who have followed us for years well know he truth of), and the other commonality they have was at the time of the Sisters publishing them were met with high ridicule and disdain.

And the reason for this being so was revealed by Edward Snowden, who not only told the world about the United States government’s extreme hatred of truth tellers like the Sisters, he also provided classified US documents [Warning: Under US Federal law, it is a crime for government employees or active military service members to click on the preceding link] detailing how the American intelligence community showing how US intelligence have actively infiltrated the Internet to manipulate, deceive and destroy the reputation of the Sisters and everyone else like them.

At the exact same time these US intelligence agencies launched their war against the Sisters and other truth tellers, you should also understand, the New York Times admitted that nearly every news organization in America allows the news to be censored by government officials, and for the first time in American history, a law was passed allowing the US government to use propaganda against its own citizens.

So let me boil the essence of this letter down for you:

At the exact same time that the Sisters continue to risk everything to keep the truth flowing to you, your own government is, beyond dispute, censoring the news you’re allowed to know while openly propagandizing against you too—and you still believe and support their “mainstream” media publications over ours?

Now I happen to believe that once anyone, especially YOU, knows the truth of a thing they will act in their best interest to defend what they know is right and true—after all, this battle is all about equations—ours being the utilization of the Mandelbrot Set equation versus theirs—“Garbage In, Garbage Out”.

To who wins this battle is, also, entirely up to YOU—either support us, or those like us, who want to see you educated and knowing the truth, or continue to support those who have openly told you they are deliberately manipulating you.

They believe you to be nothing more than ignorant religious nuts and gun clinging psychopaths not deserving of anything—we, on the other hand, KNOW you to be just frightened about a world that has become so complex and convoluted you don’t even recognize it anymore.

But let me tell you a secret—they can only win if they keep you scared, we can only win if you aren’t.

Which are you going to be?

With God,

Sister Ciara

Dublin, Ireland

23 January 2016

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“SHEAR PANIC!” Bank Runs have begun in Italy!


https://www.superstation95.com/index.php/world/796

MILAN — A “run” has begun on Italian Banks, with Depositors taking out money in a PANIC, fearing they will lose everything if they leave their money deposited.

Banca Monte dei Paschi di Siena SpA’s shares shed one fifth of their value after plunging for a third consecutive day Wednesday, as the bank scrambled to reassure investors its finances are solid.

The bank said that it had suffered outflow of deposits as a result of market jitters and that its accounts had improved in the last quarter.

The bank’s Chief Executive Fabrizio Viola said in a statement that deposit outflows were limited and lower than those that had taken place in 2013.

In February 2013, it emerged the bank was entangled in a legal scandal involving loss-making complex financial transactions, something that spooked investors and caused a deposit-outflow of “some billions,” the bank said in April that year.

But Mr. Viola’s words didn’t stop the massive selloff.

Trading in the bank’s shares was suspended for most of Wednesday’s session and shares ended up shedding 22.2%. Since Monday, the bank’s shares have lost 46% of their value, plunging to €0.51 ($0.56) per share. Since the beginning of the year, the bank’s share price has declined 58%.

The bank is now capitalized at roughly €1.6 billion, despite having tapped investors for €8 billion in the last two years to pay back a €4 billion government loan and shore up its capital position, amid mounting bad loans and a chronic lack of profitability.

“It’s pure panic, we are going beyond the prospects of the bank’s low profitability,” said Vincenzo Longo, a strategist at IG Markets in Milan.

The bank will post fourth-quarter earnings on Feb. 5.

In 2012, the bank started to implement a drastic restructuring plan, aimed at bringing it into the black and to pay back a €4 billion government loan. For the first half of last year, the bank posted a net profit of €194 million, after having accumulated losses of over €10 billion in earnings periods since the second quarter of 2012.

But it posted a €109 million loss for the third quarter, mainly due to a one-off hit caused by the unwinding in September of a complex structured-product transaction.

It also tapped investors for €8 billion in the last two years to pay back a €4 billion government loan and shore up its capital position, amid mounting bad loans and a chronic lack of profitability.

Meanwhile, UniCredit SpA’s Chief Executive Federico Ghizzoni ruled out any intervention to support Monte dei Paschi, adding that he had received no requests from the Italian government to do so.

Sources in the financial markets throughout Europe have confirmed to SuperStation95 that “These bank runs will spread” to other countries, with one analyst saying “This is the beginning of the end for all of Europe.”

In fact, it is likely to spread to Germany next. Just this week, Germany’s largest bank, Deutsch Bank, revealed they will post a loss of 6.7 BILLION Euros for last year; the worst loss in that bank’s entire history! Investors were stunned by this news and there is now open and public worry that Deutsch Bank may not be solvent.

Elsewhere in Europe, banks admitted last week they are sitting on . . . . . . ONE TRILLION IN BAD LOANS . . . . . and may have to be “re-capitalized.” Therein lies the problem: Under the new banking laws, governments will no longer “bail-out” banks. Instead, the banks must be “bailed-IN” by taking money from DEPOSITORS and replacing that with newly-issued stock in each bank! Average citizens would lose a major portion of all accounts in each bank (Checking, Savings, Certificates of Deposit, IRA/401-K Retirement plans, etc.) and would be given shares in the bank as compensation. The trouble is, depositors cannot pay their bills or eat with stocks.

In the United States, Wells Fargo admitted during a conference call this week, their commercial loan portfolio contains “$17 Billion” in loans that they described as “less than investment grade.” That was a nice way of saying “bad loans.” Wells Fargo made things worse when they admitted they only have $1.2 Billion set-aside to cover bad loans. So if all $17 Billion are bad, where will the other $15.8 Billion come from? YOU! Your checking, savings, CD, IRA, 401-K will all be “levied” by the bank to cover its losses!

Also in the US, the Chairman of Citibank refused this week, to disclose how much in bad loans are on their books! He also refused to reveal how much cash the bank has set-aside to cover bad loans! It is not a good sign when a bank Chairman refuses to disclose how bad things might be. After that stockholder conference call, rumors began to circulate that Citibank may be “in bad financial shape.”

If true, where will Citibank get the money to cover its losses? YOU! Your checking, savings, CD, IRA/401-K retirement accounts will all be levied to cover the bank’s losses and you will be given stock in the bank as compensation. How will you pay your bills with stock? How will you eat?

When the analysts mentioned earlier said “This will spread” and “This is the beginning of the end for Europe” people stood-up and took notice. Now a “run” is taking place against banks in Italy. If those analysts are correct, then the contagion could spread to the United States. Will YOU be one of the people who leaves his money at a bank while it fails? How will you eat if that happens? How will your family eat?

In the movie “Forrest Gump” he famously said “stupid is as stupid does.” Are YOU stupid?

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An International Indictment Against the American Bar Association Has been Issued


I UV

indictment2

by Maine Republic Email Alert, on October 25, 2015

An INTERNATIONAL COMMERCIAL OBLIGATION LIEN (INDICTMENT) has been filed against the AMERICAN BAR ASSOCIATION (A.B.A.), the INTERNATIONAL BAR ASSOCIATION (I.B.A.), and the UNITED STATES DEPARTMENT OF JUSTICE (D.O.J.), by a multitude of Lien Claimants in violation of 15 USC 1 & 2 for a total monetary penalty of SIX-HUNDRED MILLION ($600,000,000.) US GOLD DOLLARS EACH, alleging that, since “fraud vitiates all contracts”, ALL commercial contracts, including, but NOT limited to, ALL unlawful sentences & incarcerations of political prisoners (i.e.; imprisoned I.R.S. Lien Debtors, non-criminal offenders), wherein, such commercial contracts were all conceived in fraud, and lacking any moral & ethical character are in direct conflict with Natural Law & Commercial Law, and thus, every A.B.A “contract” since 1882, whether verbal, or written, including, but not limited to all Judicial Oath’s of Office, falsely sworn to, and fraudulently securitized, monetized, and commercialized, are Null & Void, ab initio.

They have been given NINETY (90) DAYS in which to answer the ALLEGATIONS against them. Failure to do so will result in an immediate “Asset Forfeiture & Seizure” of “Accounts Payable” of TWO-HUNDRED-SEVENTY-NINE TRILLION ($279,000,000,000,000.) US GOLD DOLLARS currently held by the A.B.A. and the I.B.A. — and the Secured Parties’ Right to take possession after default.

PROOF OF ALLEGATIONS:

1. The “PROOF OF ALLEGATIONS” lies directly at the feet of the individual Officers & Crew of the A.B.A., the I.B.A., and the D.O.J., i.e.; their Administrators, Executives, Officers, Directors, Employees, Agents, and Contractors, and with their honor, willingness, and their ability, to respond, protest, argue, or rebut the allegations made, herein, point-by-point, and article-by-article, under an Affidavit of Truth, under sworn Oath, and under the Penalty of Perjury.

2. It is anticipated & expected, that these individual members & contractors of the A.B.A., the I.B.A., and the D.O.J., rather than admit to their crimes against humanity, in-writing, will choose to go silent, or simply invoke the Fifth Amendment of the US Constitution, which, again, is NOT open to ANY A.B.A., I.B.A., or D.O.J. member, agent, contractor, or employee.

3. Their acquiescence, or silence, will then, under the weight of Commercial Law & Natural Law, result in their waiving all of their corporate, public, private, and individual rights & immunities, as per 28 USC #455, and they will, also, be attesting 1) to their acceptance & agreement to all allegations made, 2) to accept all fines, fees, penalties & punishments they are deserving of, and entitled to, under Common Law, the Law of Merchants, International Law, Commercial Law, Natural Law, and 3) to have violated their very own corporate laws & selfengineered codifications, which are grounds for the immediate dissolution of their corporate charters.

LEDGERING AND TRUE BILL:

1. The ledger for this “TRUE BILL” is based on the Truth, the whole Truth, nothing but the Truth, and upon the MONETARY FACE VALUE of TWO HUNDRED SEVENTY-NINE TRILLION ($279,000,000,000,000.) US GOLD DOLLARS retrievable from stolen & pirated properties & assets, pursuant 12 USC #411, believed to be of record, and all properties & assets suspected of being hidden in privatized off shore properties & accounts by various individuals & members the AMERICAN BAR ASSOCIATION, and the INTERNATIONAL BAR ASSOCIATION.

2. These stolen & pirated “assets” and “properties” will be confirmed & verified by a People’s open, complete & independent audit of the Federal Reserve Bank, and an audit of the International Monetary Fund (IMF).

3. This “TRUE BILL” is, also, set against the MAXIMUM PUBLIC HAZARD BONDS/INSURANCES held by the A.B.A.‘s, and the I.B.A.’s Bonding Companies, whether “in-house,” or “independent,” for all of these Entities, Agents, and Individuals, including, but NOT limited to, the individual Lien Debtors listed above.

4. As a Commercial Instrument, this “TRUE BILL” has an S.E.C. Tracer Number of #2640220, which is the Reception No.# assigned by the Mesa County Colorado Deputy Clerk & Recorder, Brandy Emow, for the filing of the fraudulent, fictitious, and fabricated Oath of Office signed by Colorado’s 21st Judicial District Crown Administrative Clerks, Craig P. Henderson, and David A. Bottger, and witnessed by Sandra Casselberry, the Judicial Administrator for Mesa County, Colorado.

5. This S.E.C. Tracer Number of #2640220 is a “commercial securities tag,” and is but a single Exhibit, out of thousands, of the prima facie evidence of the A.B.A.‘s conspiracy to commit sedition, piracy, and commercial fraud, against the Lien Claimants, and against the American people, wherein, any such Oath “prescribed, given, taken,” commercially securitized & monetized, was, and is, a “solemn mockery,” and “equally a crime,” according to the Crown’s very own Supreme Court ruling by US Supreme Court Chief Justice, John Marshal, in 1803.

6. This S.E.C. Tracer Number of #2640220, as related to this Commercial Obligation Lien, may be used as form of identification for any & all “Witnesses,” “Crime Victims,” and/or “injured parties,” when asked for identification by any A.B.A., I.B.A., or D.O.J. contractor, or revenue/tax collector (“Pulbicanus”), (ie; I.R.S. Agent, H.L.S. Agent, F.B.I. Agent, C.I.A. Agent, Sheriff, Sheriff Deputy, Police Officer, etc.).
7. All such “Crown Contractors” are, under the terms & conditions of this International Commercial Obligation Lien/Agricultural Lien/Writ of Injunction & Restraint/Cease & Desist Order, prohibited from engaging with, detaining, arresting, incarcerating, harrassing, coercing, or intimidating, any “Witness,” “Crime Victim,” a.k.a. “any Living Being,” or citing same under any revenue-bearing statute, code, rule, ordinance, or any other “color of law” infraction, providing the Living Being has NOT harmed or injured another Living Being. [Corporations CANNOT be injured! Only Living Beings can be injured!] Without an “injury,” there can be NO crime, and NOWHERE can these revenue-bearing statutes adhere, and no “false presumptions of a crime” shall be made, authorized, or enforced!

8. Any encroachments, or violations, upon the terms & conditions stated above by any “Crown Officer,” “Crown Agent,” or “Crown Contractor,” will result in additional 15 USC penalties being levied upon the corporate, personal, and private properties & assets of these individual “Officers,” “Agents,” or “Contractors,” while operating privately, or in their “corporate capacities.

9. This S.E.C. Tracer Number of #2640220, however, and wherever, presented, will serve as the People’s Rescission of Consent, and as fair, proper, and lawful notice to CEASE & DESIST with any & all criminal aggressions, trespasses, and transgressions, while operating on the Land, and/or under the ‘presumed & alleged’ jurisdiction, power, or authority of the Military/Admiralty Flag of the Crown Templar.

SURETY & CERTIFICATION:

The Sureties & Certifications of, and for, any & all Corporate, Public, Personal, or Private Accounts, Bonds, Securities, Profits, Procedes, Fixtures, Chattels, and Assets owned/managed by ANY individual operating within the jurisdiction, or control, of the A.B.A., the I.B.A., the D.O.J., or their, “in-house,” Bonding Companies, under the indirect, or direct control of the A.B.A., or the I.B.A., their Nation/State franchises, Inns of the Court, The Federal Reserve Banking System, or The International Monetary Fund (IMF) for these Entities, Agents and Individuals, are all considered forfeitable assets, and as “debt obligations” to the Lien Claimants, their assigns, and/or their heirs. As such, the Lien Debtors are lawfully responsible for producing, upon this commercial demand, these Sureties, Accounts, Financial Statements, and all Certificates of Liability & Indenture.

ENFORCEMENT:

1. The Affiants & Lien Claimants, without prejudice, and Reserving All Rights, declares this Commercial Obligation Lien to be self-effecting, self-evident, and self-enforcing, noting that the US Marshal Service, is now lawfully restored to the People’s Executive Branch of the Continental united States of America, and they are no longer contractually obligated to the A.B.A.’s subsidiary corporation of the Department of Justice, both of which, are, hereby, dissolved for by the People for cause, and by necessity.

2. The US Marshal Service, a Constitutional Law Enforcement Agency, and NO LONGER a “Legal Enforcement Agency,” in the State of Illinois, and elsewhere throughout the 50 States, Washington, D.C., and their 94 government offices, will be tasked & charged with executing the seizing, freezing, and recovery of all the A.B.A.’s, and the I.B.A.’s corporate, public, personal, and private properties, found upon the Land, at sea, or found to be held by any & all individuals operating under the A.B.A., or the I.B.A., until such time, as it is determined that the full face amount of this Commercial Obligation Lien can be satisfied, and that all other Claims for Remedy made, herein, are unconditionally satisfied in full.

3. The US Marshals, having been given the preponderance of evidence, and probable causes stated, herein, that crimes have been committed, and that, crimes are being committed, shall under their own authority, jurisdiction, and powers, as dejure Marshals & Sheriffs, commence, IMMEDIATELY, with serving Notice of this Writ of Injunction & Restraint/Cease & Desist, without the need of a court order, or warrant, as is their privilege, duty, and obligation, under Law.

4.On the NINETY-FIRST (91st) DAY after receipt of this Lien, the US Marshals & Interpol, are to commence, at once, with the freezing, forfeiture, and seizing, of all corporate, personal, public, private, and individual properties, accounts, and assets, known to be in the possession of, or under control of, the A.B.A., I.B.A., D.O.J., and/or any & all of their corporate contractors, however related.

5. Fair compensation shall be made for the anticipated expenses & services rendered by these agents, and for their abiding by their own Oaths of Office (https://www.law.cornell.edu/uscode/text/28/563). The US Marshal Service & Interpol will receive TWENTY(20%) of the recovered assets, and these funds will be divided equally. A Pomissory Note shall be tendered to the dejure United States Treasury, and earmarked to the US Marsha Service & Interpol in this amount. The full face amount of the Promissory Note will be made payable to the US Marshal Service & Interpol immediately upon the successful recovery, reclamation, and return, of the Lien Claimant’s “Accounts Receivables.”

6. Should it ever be miscontrued, or misrepresented, that this Promissory Note, and/or payments made to the US Marshal Service & Interpol, is some form of bribery, the Lien Claimants shall argue & deny same, and declare these funds lawful & appropriate compensation for the tasks & expenses the US Marshals & Interpol are tasked & charged with. These funds constitute stolen & pirated properties & assets of the American people, and these compensations are to be considered “bounties,” “prizes,” and “rewards” for honest service by the people’s law enforcement agencies & agents.

For direct pdf down load file of AFFIDAVIT OF COMMERCIAL LIEN-ABA EXECUTIVES Click Here

Affidavit of CoAFFIDAVIT OF COMMERCIAL LIEN-ABA EXECUTIVESmmercial Lien Aba Executives

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ALERT: Dallas Fed Panics and Tells Banks to “Cook The Books”


RoadToRoota

 

Yesterday I sent out an alert showing that Price/Earnings Ratios are totally and completely out of whack thus making the stock market massively overvalued. Today news came out that is just more proof that the Earnings part of the equation is a total lie!

Zerohedge is reporting that the Fed Dallas has told the banks to NOT write down their impaired oil/gas assets, and NOT mark-to-market as is required by US Accounting Laws.

Exclusive: Dallas Fed Suspends Energy Mark-to-Market on Default Contagion Fears
http://www.zerohedge.com/news/2016-01-16/exclusive-dallas-fed-quietly-suspends-energy-mark-market-tells-banks-not-force-shale

Which brings us to the focus of this post: earlier this week, before the start of bank earnings season, before BOK’s startling announcement, we reported we had heard of a rumor that Dallas Fed members had met with banks in Houston and explicitly “told them not to force energy bankruptcies” and to demand asset sales instead.

We can now make it official, because moments ago we got confirmation from a second source who reports that according to an energy analyst who had recently met Houston funds to give his 1H16e update, one of his clients indicated that his firm was invited to a lunch attended by the Dallas Fed, which had previously instructed lenders to open up their entire loan books for Fed oversight; the Fed was shocked by with it had found in the non-public facing records. The lunch was also confirmed by employees at a reputable Swiss investment bank operating in Houston.

This is what took place: the Dallas Fed met with the banks a week ago and effectively suspended mark-to-market on energy debts and as a result no impairments are being written down. Furthermore, as we reported earlier this week, the Fed indicated “under the table” that banks were to work with the energy companies on delivering without a markdown on worry that a backstop, or bail-in, was needed after reviewing loan losses which would exceed the current tier 1 capital tranches.

In other words, the Fed has advised banks to cover up major energy-related losses.

END

Holy Shit!!! Since when is the Fed allowed to advise banks to break the law?! And since when did bank officials get a free pass to fake their financial reporting based on the recommendations of the Federal Reserve??

Hint: They don’t have a free pass!

Any CEO or CFO that signs off on these fraudulent earnings is breaking the law…no matter what the Federal Reserve says.

Sarbanes Oxley 101: Section 906 – Corporate Responsibility for Financial Reports
http://www.sarbanes-oxley-101.com/SOX-906.htm

Section 906 addresses criminal penalties for certifying a misleading or fraudulent financial report. Under SOX 906, penalties can be upwards of $5 million in fines and 20 years in prison. A direct excerpt from the Sarbanes-Oxley Act of 2002 report for section 906:

(c) CRIMINAL PENALTIES. Whoever – (1) certifies any statement as set forth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statement does not comport with all the requirements set forth in this section shall be fined not more than $1,000,000 or imprisoned not more than 10 years, or both; or (2) willfully certifies any statement as set forth in subsections (a) and (b) of this section knowing that the periodic report accompanying the statement does not comport with all the requirements set forth in this section shall be fined not more than $5,000,000, or imprisoned not more than 20 years, or both.

END

So…this means that Jamie Dimon is facing a $5M fine and 20 years in prison if his BILLIONS in oil/gas loans were not marked to market in their latest annual report…and they weren’t.

Bye, bye Jamie!

Or maybe they will just speed up the Global Collapse so it will all be lost in the chaos!

May the Road you choose be the Right Road.

Bix Weir
http://www.Roadtoroota.com

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Can We See a Bubble If We’re Inside the Bubble?


I think the Boomland scenario is in most cities of the world and especially so here in Kuala Lumpur. Construction is everywhere and these so called “developments” have become a hazard for the city folks. Don’t they know what’s going on in the decrepit financial system? Yes and no. But, ‘the show must go on’ ….as they say. I guess we’ll just wait for the bubble to burst. 


 

oftwominds

Can We See a Bubble If We’re Inside the Bubble?

by Charles Hugh Smith

housing-bubble

We want this time to be different so badly, we can almost taste it.
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If you visit San Francisco, you will find it difficult to walk more than a few blocks in central S.F. without encountering a major construction project. It seems that every decrepit low-rise building in the city has been razed and is being replaced with a gleaming new residential tower.

 

Parking lots have been ripped up and are now sprouting condos and luxury rental flats.
The influx of mobile/software tech into the S.F. Bay Area has triggered not just a boom in tech but in all the service sectors that cater to well-paid techies. This mass of new people has created traffic jams that last virtually all day and evening, and overloaded the area’s BART transit rail system such that trains at 11 pm are as jammed as any during rush hour.
This phenomenal building boom is truly something to behold, as it has spread from S.F. to the East Bay as workers priced out of S.F. move east across the Bay, driving up rents to near-S.F. levels.
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This is of course a modern analog of the Gold Rush in the 1850s, and the previous tech/building boom in the late 1990s: an enormous influx of income drives a building boom and a mass influx of treasure-seekers, entrepreneurs, dreamers and those hoping to land a good-paying job in Boomland.
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The same phenomenon has been visible in the Oil Patch states every time oil/gas skyrocket in price.
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We know how every boom ends–in an equally violent bust. Yet in the euphoria of the boom, it’s easy to think this one will last longer than the others.
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I distinctly recall the mass excitement of COMDEX in 1999, the big computer-tech trade show in Las Vegas. The city was packed, the convention centers were packed, and an enormous banner announcing the then revolutionary slogan “the network is the computer–Sun Microsystems” welcomed the faithful.
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I saw Bluetooth demonstrated for the first time in that show (at a Motorola booth), and dozens of other consumer technologies that never quite caught on–kits to turn your PC into a TV, etc.
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A year later the bubble had burst, and a decade later Sun Micro had lost its edge and would end its glorious run in the ignominy of being sold to Oracle for pennies on the dollar.
Rents in San Francisco are now so obscene that there is even a parody in which Hitler tries to rent a flat in S.F.
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Across the Bay in Oakland, new relatively large 1-bedroom flats with Bay views are asking $3,300 a month. The same flat in S.F. would fetch $4,000 or more per month. Techies working for free on a buddy’s start-up have famously rented the space beside the washing machine in a laundry room for $400 a month.
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How many average workers can afford to pay $40,000 a year in rent? After taxes, even techies earning $80,000/year would have little to show for their labor once they paid $40K after $20K in taxes and deductions have been subtracted from their annual wage.
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The current Gold Rush will collapse, and as the newly fired marginalized workers pack up and leave, nobody will be renting the flats for $4,000/month. The owners will try reducing the rents to $3,000/month, and with no takers, they will go bust and the gleaming towers will be auctioned off. Eventually rents will decline to what people can actually afford.
This process will take a few years, as owners are reluctant to accept secular declines in rent and the resulting insolvency. Restaurants and other secondary businesses that arose to serve the techies will hang on, paying insane rents, for a few months and then give up losing money and close.
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We naturally cling to the euphoria and glory of a boom; they generate such hope and positive emotions. The bust is no fun at all, a slow cascade of layoffs, insolvencies, moves to cheaper and far less exciting locales, busted dreams and all the mourning that accompanies the shattering of dreams and hopes.
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Knowing all this doesn’t prepare us for the bust, any more than the initial signs of a boom prepared us for the bubble. We want this time to be different so badly, we can almost taste it. But this time is only different on the margins; the flavor of the bust remains the taste of ashes.

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Russian “Weaponized Default” Will Cause Financial Collapse Of Entire Western World


Russian “Weaponized Default” Law Threatens Collapse Of Entire Western World

By: Sorcha Faal, and as reported to her Western Subscribers


 

A new report issued today by the Security Council (SC) states that President Putin has just forwarded to the Duma (legislator/parliament) one of the most feared set of laws ever seen in modern Russian history that once enacted would create the worst “economic cyclone” the Western world has ever seen and plunge both the United States and European Union into immediate depression, if not outright total economic collapse.

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According to this report, these new laws were ordered drawn up this past year by the Security Council who tasked famed economist Sergei Glazyev with devising what is being labeled as a “Weaponized Default” and Russia’s “ultimate answer” to Western aggression and orders all Federation companies, both public and private, to immediately cease paying over $700 billion in loan payments to any bank having a nationality, or even branches, in any country currently having sanctions, or threatening sanctions, against Russia.

Once these “Weaponized Default” laws are enacted, this report continues, they would serve as payback for the twin Western manipulation of global oil prices and the Russian ruble—the manipulation involved unleashing on the global oil market over five million barrels a day of excess reserve production that were held back by Saudi Arabia, plus derivative manipulation at the New York Mercantile Exchange (NYMEX) crashing the price of oil last year.

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To the timing of President Putin submitting these feared “Weaponized Default” laws to the Duma today, this report explains, was due to the grim report given to the Security Council by Economic Development (MoED) Minister Aleksey Ulyukayev warning that the current period of low oil prices may last for decades—and which British experts are now saying could fall to the “doomsday” level of $10 a barrel.

Also spurring President Putin’s timing of submitting these laws to the Duma, this report notes, was the successful opening of the St. Petersburg International Mercantile Exchange (SPIMEX) which will forever de-dollarize Russian oil from the United States global petrodollar system thus breaking America’s hegemony and its ability to finance its wars using other nations money.

Adding to the growing pushback against the United States petrodollar system and its allies continuing to advocate for global war, this report continues, is China—who this past week ordered all of its banks to cease purchasing US Dollars in its bid to protect its nation and economic interests from these warmongers too.

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Though the American “presstitute” mainstream media has failed to allow their citizens to know the full and dreadful impact that President Putin’s new “Weaponized Default” laws will have upon them, this report further states, the same cannot be said of that nations oligarchs—who in the past fortnight alone have caused their stock markets to lose over $1 trillion—and to put that stunning figure in context, it’s like wiping out the combined value of the following tech giants: Google (GOOGL, Tech30) ($508 billion), Facebook (FB, Tech30) ($281 billion), Intel (INTC, Tech30) ($154 billion), Netflix (NFLX, Tech30) ($50 billion) and Yahoo (YHOO, Tech30) ($29 billion).

Even more astounding than this massive loss of wealth to the American people holding their retirement and saving monies in stocks and bonds, this report grimly says, was President Obama telling his nations citizens last night that their US was economy was doing fine and that his critics were “peddling fiction”—like legendary American stock market guru Art Cashin who yesterday warned that panic in this market “will shock the world” and the Royal Bank of Scotland (RBS) warning all of its elite clients yesterday to “Sell Everything!” and stating: “This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

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To the only Americans that will be protected in this “economic cyclone” enveloping the Western world, this report further notes, are their elite oligarchs who have had gifted to them by the Obama regime a separate tax structure designed to protect their billions—while the rest of the American people will be left competing for jobs in the only industry the United States is now the unquestioned global leader of—prisons, and that have become so morally corrupt the Obama regime even had passed a new law mandating that at least 34,000 ‘illegal’s’ have to be behind bars everyday to benefit that nations private jailing companies profits.

 

With Russia being the world’s largest oil producer, this report continues, fully 75% of its oil can be exported which President Putin’s new “Weaponized Default” laws will protect no matter how low the price of oil goes—but the same cannot be said of the Obama regime backed barbaric Middle Eastern ally Saudi Arabia whose despotic de facto leader, Deputy Crown Prince Mohammed bin Salman, has not only brought his nation to brink of ruin—its soon collapsing will, undoubtedly, cause the Western nations to unleash a new set of oil wars too.

But before the West embarks upon these new oil wars, this report concludes, they should first re-familiarize themselves with their own history—and as recently detailed by the American foreign policy writer Michael Peck who in his article 5 Oil Wars that Ended in Disaster succinctly warned:

“For the last hundred years, oil has been a frequent reason for war. Nations have fought wars, or shaped their military strategy during a war, to conquer oil fields or prevent rivals from controlling the commodity that is the lifeblood of industrial economies and modern militaries.

But what good is capturing an oil field when you wreck your country in the process? Several nations have learned the hard way that the price for capturing oil can be much greater than its value.

For the American leaders, and plenty of others throughout history, the price of oil indeed proved to be higher than any could imagine.”

 

January 13, 2016 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

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