Archive for April, 2013

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

Posted in Finance on April 30, 2013 by betweentwopines

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix

Illustration by Victor Juhasz
April 25, 2013 1:00 PM ET

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

The Scam Wall Street Learned From the Mafia

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

The bad news didn’t stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. “Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry,” CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.

“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation’s GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it’s increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it’s no secret. You can stare right at it, anytime you want.

Read more: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2RyZKShtI

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Citizen Hearing On Disclosure

Posted in Conspiracy on April 29, 2013 by betweentwopines

April 29 To May 3, 2013 – Washington, DC
“If the Congress won’t do it’s job, the people will.”

An event with historical implications will be held at the National Press Club in Washington, DC from April 29 to May 3, 2013. At that time as many as forty researchers and military/agency witnesses will testify for thirty hours over five days before former members of the United States Congress.

Note: the full Citizen Hearing will be Webcast live on the Internet. Subscribe here.

The Citizen Hearing on Disclosure of an extraterrestrial presence engaging the human race will attempt to accomplish what the Congress has failed to do for forty-five years – seek out the facts surrounding the most important issue of this or any other time.

For this reason the motto for the Citizen Hearing on Disclosure is “If the Congress won’t do its job, the people will.”

Frightening evolution: China reports new bird flu case spreads to Hunan province: 23 dead

Posted in Health on April 28, 2013 by betweentwopines

 

Posted on April 27, 2013by 
Looking for the culprit: Health officers examine a pigeon for H7N9 at a poultry market in Changsha, Hunan province April 7, 2013. Credit: Reuters/China Daily
April 27, 2013 – CHINA – China on Saturday reported its first case of H7N9 bird flu in the southern province of Hunan, the latest sign the virus that has killed 23 people in the country is continuing to spread. The official Xinhua news agency said the patient was a 64-year-old woman from Shaoyang city who developed a fever on April 14, four days after having contact with poultry. Her condition had improved with treatment, it added. The flu was first detected in March. This week, the World Health Organization called the virus “one of the most lethal,” and said it is more easily transmitted than an earlier strain that has killed hundreds around the world since 2003.None of the 41 people who had come into contact with the newly-confirmed Hunan patient, identified only by the surname Guan, had shown symptoms, Xinhua said. A 54-year-old man who fell ill in Jiangxi province was also being treated in Hunan, where he was diagnosed with H7N9, Xinhua said. The Hunan cases come a day after the eastern province of Fujian reported its first case and during the same week that a man in Taiwan become the first case of the flu outside mainland China. He caught the flu while travelling in China. Chinese scientists confirmed on Thursday that chickens had transmitted the flu to humans. –Reuters
Flu mutating 8 times faster than any flu virus known: The new bird flu could be mutating up to eight times faster than an average flu virus around a protein that binds it to humans, a team of research scientists in Shenzhen says. Dr .He Jiankui, an associate professor at South University of Science and Technology of China, said yesterday that the authorities should be alarmed by the results of their research and step up monitoring and control efforts to prevent a possible pandemic. With genetic code of the virus obtained from mainland authorities, the team scrutinized haemagglutinin, a protein that plays a crucial rule in the process of infection. The protein binds the virus to an animal cell, such as respiratory cells in humans, and bores a hole in the cell’s membrane to allow entry by the virus. The researchers found dramatic mutation of haemagglutinin in one of the four flu strains released for study by the central government. Nine of the protein’s 560 amino acids had changed. In a typical flu virus, only one or two amino acids could change in such a short period of time, He said. “It happened in just one or two weeks. The speed may not have caught up with the HIV, but it’s quite unusual for a flu.” The fast mutation makes the virus’ evolutionary development very hard to predict. “We don’t know whether it will evolve into something harmless or dangerous,” He said. “Our samples are too limited. But the authorities should definitely be alarmed and get prepared for the worst-case scenario.” The origin of the virus was puzzling due to its novelty, but his research suggested some clues that differ from the mainland authorities’ theories. His team compared the new virus strain to all other H7N9 viruses identified in Europe and in other Asian countries that were cited by the Ministry of Agriculture as possible origins of the new bird flu, but found them all very different. In fact, the new bird flu was quite similar to some familiar domestic viruses such as H9N2, H11N9 and H7N3 found in Zhejiang and Jiangsu. He said researchers could not rule out the possibility that the new virus was carried into China by wild birds, but it was more likely to be of local origin. –South China Morning Post

Earth’s Core Temperature 1,000 Degrees Hotter Than Previously Measured, Study Shows

Posted in Science on April 27, 2013 by betweentwopines

Earths Core

Earth has multiple layers: the crust, the mantle, the liquid outer core and the solid inner core.

By: Elizabeth Howell, OurAmazingPlanet Contributor
Published: 04/25/2013 02:07 PM EDT on LiveScience

Earth’s internal engine is running about 1,000 degrees Celsius (about 1,800 degrees Fahrenheit) hotter than previously measured, providing a better explanation for how the planet generates a magnetic field, a new study has found.

A team of scientists has measured the melting point of iron at high precision in a laboratory, and then drew from that result to calculate the temperature at the boundary of Earth’s inner and outer core — now estimated at 6,000 C (about 10,800 F). That’s as hot as the surface of the sun.

The difference in temperature matters, because this explains how the Earth generates its magnetic field. The Earth has a solid inner core surrounded by a liquid outer core, which, in turn, has the solid, but flowing, mantle above it. There needs to be a 2,700-degree F (1,500 C) difference between the inner core and the mantle to spur “thermal movements” that — along with Earth’s spin — create the magnetic field.

The previously measured core temperature didn’t demonstrate enough of a differential, puzzling researchers for two decades. The new results are detailed in the April 26 issue of the journal Science.

The centerpiece of the experiment was a new X-ray technique that takes measurements faster than before. Iron samples compressed in the laboratory typically last for only a few seconds, making it difficult to determine in previous experiments if the iron is still a solid, or if it is starting to melt.

 

Read more…http://www.huffingtonpost.com/2013/04/26/earths-core-temperature-1000-degrees-hotter_n_3162098.html?ncid=edlinkusaolp00000003

Should a life-saving drug that can be profitably sold for far less cost more than $100,000 per year?

Posted in Health on April 27, 2013 by betweentwopines

A group of more than 120 cancer researchers and physicians took the unusual step this week of publishing a research paper taking aim at pharmaceutical prices they see as exorbitant and unjustifiable.

Drug companies are profiteering, the doctors say, by charging whatever the market will bear for medications that patients literally can’t live without.

The paper, published online in the American Society of Hematology’s medical journal Blood, analyzes and criticizes the cost of drugs used to treat chronic myeloid leukemia (CML), a rare type of cancer that responds very well to drug therapy. The 10-year survival rate for CML patients now tops 80% for those who receive targeted drugs — but the annual price tag for the treatment is usually in the six-figure range.

Those prices bear little relation to what the drugs actually cost to develop and produce, the doctors say. As an example, they zero in on the case of imatinib, a drug sold by Novartis(NVS) as Gleevec (in the U.S.) or Glivec (in most international markets).

Gleevec is the kind of miracle pill cancer researchers dream about. Introduced in 2001, the drug and others in its class dramatically increased the survival rate for CML and transformed it from a lethal disease to one that is usually chronic but manageable. It’s like having hypertension or diabetes, doctors say — so long as you take your daily drugs.

Novartis first sold Gleevec in 2001 for an annual cost of $30,000, a price the company acknowledged was steep.

“We agree with those who say the price we have set for Gleevec is high. But given all the factors, we believe it is a fair price,” Daniel Vasella, Novartis’ CEO at the time, wrote inMagic Cancer Bullet, a 2003 book he penned about his company’s wonder drug.

That “fair price” nearly tripled over the past decade. An annual course of Gleevec now wholesales for more than $76,000 in the U.S., according to Novartis. The retail price that patients or their insurers pay is typically much higher.

The Blood authors say lowering those prices will help save the lives of patients who cannot afford to pay. “We believe the unsustainable drug prices in CML and cancer may be causing harm to patients,” they wrote.

Read more  http://money.cnn.com/2013/04/25/news/economy/cancer-drug-cost/index.html

ATS thread  http://www.abovetopsecret.com/forum/thread943438/pg1

[Out of control] Tritium leaked from 4 of 7 reservoirs, “1,100,000,000Bq/m3 from reservoir No.1″

Posted in Warnings on April 26, 2013 by betweentwopines

By Mochizuki on April 25th, 2013

About the major leakage of highly contaminated water, radioactive water Tritium was detected outside of 4 of the 7 reservoirs.

According to Tepco, Tritium was detected from the drain hole water (outside of the reservoirs) of reservoir No.1, 2, 4, and 6.

The samples were collected on 4/17/2013. Tepco took 8 days to release the data.

Tepco transfered the leaking water from No.3 to No.6, but this No.6 is also leaking Tritium.

They also detected Tritium from leakage detector hole water of 3 reservoirs, No.1, 2 and 3.

The highest reading was 1,100,000,000 Bq/m3 from the Northeast side of No.1.

[Out of control] Tritium leaked from 4 of 7 reservoirs, "1,100,000,000Bq/m3 from reservoir No.1"

http://www.tepco.co.jp/en/nu/fukushima-np/f1/smp/2013/images/chosui_13042501-e.pdf

Source  http://fukushima-diary.com/2013/04/out-of-control-tritium-leaked-from-4-of-7-reservoirs-1100000000bqm3-from-reservoir-no-1/

UFO ALIEN INVASION IN 2013 – DOOMSDAY PREDICTION – UFO NEWS – Is Richard Atkins FOR REAL?

Posted in Warnings on April 26, 2013 by betweentwopines

 

“On August 18th, 2013, the alien invasion will begin. The government has been under the thumb of these reptoids for years and now, the truth will be revealed. There will be rivers of blood and natural disasters on a scale that this world has never seen. The end of the world will come for many and the rest will be awakened to the fact that we are not free, have never been free and will never be free. We are under the thumb of a race that sees no value in our existence outside of slavery. We are mindless drones to them and when the 8th month of 2013 is upon us, they will show us their wicked hand.”  Richard Atkins.

 

Source  http://ringsidereport.com/?p=21089

ATS thread  http://www.abovetopsecret.com/forum/thread943194/pg1