Archive for the 'Elite' Category
Silverfinger – The True Story Of Nelson Bunker Hunt
May 6th, 2011Via: Zerohedge: Over 30 years ago, a man by the name of Nelson Bunker Hunt hatched the perfect plan: protect his inherited wealth (which then was one of the largest legacy fortunes in the world) from the inflationary destruction of “paper” assets by converting his assets into silver, and in the process cover the silver […]
How Goldman Sachs Created the Food Crisis
May 5th, 2011I covered this back in 2008: If I buy a wheat contract, I should have to take delivery of the physical wheat on the specified date. If I sell a wheat contract, I should have to deliver the physical wheat on the specified date. I should not be allowed to buy or sell those leveraged […]
Blackwater’s New Ethics Chief: John Ashcroft
May 4th, 2011Via: Wired: The consortium in charge of restructuring the world’s most infamous private security firm just added a new chief in charge of keeping the company on the straight and narrow. Yes, John Ashcroft, the former attorney general, is now an “independent director” of Xe Services, formerly known as Blackwater. Ashcroft will head Xe’s new […]
The Global Economy’s Corporate Crime Wave
May 4th, 2011Via: Project Syndicate: The world is drowning in corporate fraud, and the problems are probably greatest in rich countries – those with supposedly “good governance.” Poor-country governments probably accept more bribes and commit more offenses, but it is rich countries that host the global companies that carry out the largest offenses. Money talks, and it […]
Deutsche Bank Faces U.S. Fraud Lawsuit Over Mortgage Lending
May 3rd, 2011via: Bloomberg: Deutsche Bank AG (DBK), Germany’s biggest bank, was sued for more than $1 billion by the U.S. government, which claims it “repeatedly lied” so that thousands of risky mortgages qualified for a government insurance program. The Frankfurt-based bank and its MortgageIT unit falsely certified that borrowers didn’t face risk of default, qualifying the […]
Your Location ‘Extremely Valuable’ to Google
May 2nd, 2011Via: International Business Times: Then, just weeks ago Los Angeles-based researcher Samy Kamkar illustrated that Google Android based smartphones were sending precise GPS location and other data back to Google “several times an hour.” “I cannot stress enough how important Google’s wifi location database is to our Android and mobile product strategy,” Google location manager […]
Superman Renounces U.S. Citizenship at United Nations
April 29th, 2011Via: Comics Alliance: The key scene takes place in “The Incident,” a short story in Action Comics #900 written by David S. Goyer with art by Miguel Sepulveda. In it, Superman consults with the President’s national security advisor, who is incensed that Superman appeared in Tehran to non-violently support the protesters demonstrating against the Iranian […]
A More Militarized CIA for a More Militarized America
April 28th, 2011Adam B. left an important comment on this story: Petraeus had been working for the past several years as overseer of drug production and export in volatile countries. This is perfect job experience for a CIA director, no? Hopefully the knowledge he has gained in Afghanistan will apply in South America and South-East Asia as […]
U.S. Supreme Court Limits Class Action Lawsuits
April 28th, 2011Via: Legal News Line: The U.S. Supreme Court ruled on Wednesday, in a 5-4 vote, that companies can enforce contracts that bar class action lawsuits.
Federal Reserve Will Stop Buying Treasury Bonds; Keep Interest Rates Near Zero
April 27th, 2011Warning: this is not a recommendation to buy, sell of hold any financial instrument. In other news, gold hit a fresh record high as the dollar tanked. Spot gold touched $1523.69. Via: Washington Post: The Federal Reserve will end its program of pumping hundreds of billions of dollars into the economy in June but will […]
