Pentagon User Searches for Infomation About Wachovia Distributing Counterfeit Money

July 23rd, 2008

The Pentagon—Headquarters Department of the Army (HQDA)—user (host: host-141-116-70-190.ptr.hqda.pentagon.mil, ip: 141.116.70.190) conducted the following Google search: wachovia passing out counterfeit bills.

The Pentagon user visited the following Cryptogon pages:

WACHOVIA BANK IN FLORIDA DISTRIBUTING COUNTERFEIT $100 BILLS

Mysterious $100 ‘Supernote’ Counterfeit Bills Appear Across World


WACHOVIA BANK IN FLORIDA DISTRIBUTING COUNTERFEIT $100 BILLS

July 23rd, 2008

We already knew that Wachovia was/is in deep trouble.

And there is no way that this is a coincidence. Ten counterfeit $100 bills in one transaction, from a struggling bank, in the middle of a banking crisis!? No way.

I know. I know. People will say, “If this was a conspiracy to keep a large, struggling bank alive for perception management purposes, they’d use supernotes and those would be mixed in and nobody would know the difference. It’s just a coincidence that this couple got ten counterfeit $100 bills (out of 36) in one transaction.”

Maybe there aren’t enough supernotes available for the scale of the present crisis… Just a guess.

If you’re trying to talk yourself into believing that there’s nothing to see here, do you remember Waiting for Clarity on the Brink of Oblivion? If not, you may want to review that one now, as we learn that, in the midst of a banking crisis, the forth largest U.S. bank, which also happens to be distressed, is distributing counterfeit money…

(Man, I knew it was going to get weird, but I never anticipated this one.)

I don’t know how much more clarity a person would need, but I’m afraid that it’s about to become crystal clear to just about everyone.

UPDATE 1: Florida Wachovia Distributed Counterfeit $20 Bills in June

POSTED: 7:51 am EDT June 26, 2008
UPDATED: 8:49 am EDT June 26, 2008

ORANGE COUNTY, Fla. — An Orange County woman said she received counterfeit cash from a teller inside a bank.

The woman said she cashed a check at the Wachovia bank in Pine Hills. She took the cash straight to a bank where she had a savings account, but that’s where another teller recognized something wrong.

“She was feeling it as she counted it,” said the woman. “She pulled those two bills out of the bunch that was there and she asked another coworker to come over and he said ‘yeah, those are counterfeit.'”

The Secret Service was called in to investigate and found a pair of fake $20 bills. They’re trying to determine how the money ended up at the bank.

—End Update—

Via: Local6:

A couple has contacted the Secret Service claiming a Central Florida bank gave them 10 counterfeit bills during a transaction.

Ulises Garcia said he was withdrawing cash from a Wachovia Bank and depositing it into a Bank of America so he could pay his bills online.

However, the Bank of America teller noticed something funny about 10 of the 36 $100 bills Garcia said he received from Wachovia Bank — they were counterfeit, Local 6’s Tony Pipitone reported.

However, the bank has not given Garcia or his fiancé, Joann Rodriguez, any money.

“We have big plans,” Rodriguez said. “We were planning to get married in about two or three months.”

“And this money’s pretty important?” Pipitone asked.

“Very important,” Rodrguez said. “It’s a big part of our wedding.”

“It is really frustrating for us,” Garcia said. “The bank is not doing anything about it. (It’s) just not giving us any solutions at all.”

A Wachovia representative said it will not refund any money because it can’t verify the $1,000 in counterfeit notes were the same bills Garcia was handed by their teller.

But weeks later, Wachovia did refund $40 to another customer with a similar story, Local 6 has learned.

Garcia said Wachovia is ripping him off and has alerted the sheriff’s office, the Secret Service and the media.

“Ten (bills) in one transaction to come from one bank, that is definitely unusual,” U.S. Secret Service representative Jim Glendinning said.

“But is it possible?” Pipitone asked.

“Remotely, yes it is,” Glendinning said.

Glendinning said he was not surprised the Bank of America caught the counterfeits but wondered how a Wachovia could pass the bills unless a bank employee was in on it, Pipitone reported.

The United States Secret Service Web site shows people how to detect counterfeit money.

Research Credit: EB


Bush, Thinking Cameras Were Turned Off: “Wall Street Got Drunk”

July 23rd, 2008

It looks and sounds to me like the monkey got drunk:

Alternate links 1, 2.


EEstor Blogger

July 23rd, 2008

I have alerts set up for EEstor news, none of which I post anymore on Cryptogon. However, I know that several of you are also interested in EEstor, so I thought I’d mention that someone has set up a blog dedicated exclusively to EEstor related information: bariumtitanate.blogspot.com.

Posted in Energy | Top Of Page | Comments Off on EEstor Blogger

Oil: Trading Opportunity

July 23rd, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Oil longs, lock and load. WTI @ $126 even, stop $125.70.

I already provided the strategy and background for this in a previous post.

Watch yourself. You’ve got bearish engulfing on the weekly…

Either that weekly stochastic is going to go for a full oscillation down, or it isn’t. Right now, you’ve got daily stochastic cross up with the price just above the 20 EMA on the weekly. Make or break, right now. This is a worth a shot on the long side for those who know how to manage it.


To Cryptogon Readers Who Recently Bought Mountain House #10 Can Freeze-Dried Foods from Nitro-Pak

July 23rd, 2008

As of August 1, your investment may increase in value by as much as 15%.

Via: Nitro-Pak:

PRICE INCREASE NOTICE— All Mountain House #10 can freeze-dried foods & units are going up August 1, 2008 by as much as 15%.

…

Current processing time for most non-can food orders is currently taking 2-4 business days to ship.
Orders with #10 canned foods or units are taking approx. 2 to 4 weeks to ship due to EXTREMELY high customer demand, food production shortages and market volatility.

Related: Stan Deyo’s site says no more Mountain House #10 orders through 2009???

Research Credit: JoKerHill


FEMA Seeks Immunity from Suits Over Trailer Atrocities

July 23rd, 2008

Via: AP:

The Federal Emergency Management Agency is requesting immunity from lawsuits filed on behalf of Gulf Coast hurricane victims who claim they were exposed to dangerous fumes while living in government-issued trailers.

On Wednesday, U.S. District Judge Kurt Engelhardt is scheduled to hear FEMA’s bid to be dismissed from a series of consolidated cases filed against the federal government and the companies that supplied FEMA with tens of thousands of trailers after Katrina and then Rita in 2005.

Lawyers for Gulf Coast storm victims accuse FEMA of negligence for sheltering them in trailers with elevated levels of formaldehyde, a preservative used in construction materials that can induce breathing problems and is believed to cause cancer.

In court papers, FEMA’s lawyers told the judge the agency is entitled to immunity from such claims challenging its response to disasters such as Katrina.

The federal government’s lawyers said FEMA spent more than $2.5 billion to purchase more than 140,000 new trailers from recreational vehicle dealers and trailer manufacturers after the storms. They also said the agency relied on manufacturers to furnish the agency with a “safe, habitable, functional product.”

“It is well-established that the (government) is only liable in such situations if it supervised and directed day-to-day activities of its contractors, which did not occur in this case,” they argued in the court papers.

The government’s lawyers also wrote that a review of legislative history left “no doubt” that Congress intended to enact a broad bar against any such claims arising from disaster relief actions.

Tony Buzbee, one of the lead lawyers for the plaintiffs, said FEMA and the trailer manufacturers “worked hand in hand” after the 2005 hurricanes and should share legal liability in the cases. The lawsuits contend FEMA ignored concerns about formaldehyde levels in trailers for months after Katrina.

“FEMA is right to blame the manufacturers for the production of the toxic trailers, but the agency is not without culpability or legal liability for this debacle,” Buzbee said in a written statement Tuesday.

Lawyers for the plaintiffs want Engelhardt to certify the consolidated cases as a class action on behalf of tens of thousands of current and former trailer occupants in Alabama, Louisiana, Mississippi and Texas. The judge hasn’t ruled on that request yet.

The plaintiffs’ lawyers said it’s premature for Engelhardt to consider dismissing FEMA from the cases.

Related: Children in Katrina Trailers May Face Lifelong Ailments

Related: FEMA Trailer Manufacturers Knew About Formaldehyde, Findings Went Undisclosed


Plane Carrying Ron Paul, Six Other Congressmen Makes Emergency Landing

July 23rd, 2008

Via: CNN:

A plane carrying Texas Rep. Ron Paul and six other members of Congress was forced to make an emergency landing Tuesday due to mechanical issues.

According to the Federal Avaiation Administration (FAA), Continental Airlines flight 458, a Boeing 737 en route to Washington, DC from Houston made a rapid decent in New Orleans when the pilot reported pressurization problems.

Reps. Ted Poe, Nick Lampson, and Henry Cuellar, Solomon P. Ortiz, John Carter, and Ciro Rodriguez were among those aboard the flight. The FAA says the plane had a safe landing in New Orleans with no injuries.

Update: Trevor Kincaid, a spokesman for Rep. Nick Lampson, tells CNN the congressmen are being rebooked on two different flights from New Orleans to Washington, D.C.

Kincaid said Lampson told him, “there was a minor technical failure with the pressure” and there was “a slow gradual descent, no nosedive.” Lampson told him in a phone conversation that, “some people didn’t realize there was a problem until the gas masks came down.” Lampson said there was no panic on the plane and praised Continental Airlines for their handling of the situation.


Toy Company Developing Weapon that Fires Variable Speed Bullets for U.S. Military

July 23rd, 2008

Via: New Scientist:

A gun that fires variable speed bullets and which can be set to kill, wound or just inflict a bruise is being built by a US toy manufacturer. The weapon is based on technology used to propel toy rockets.

Lund and Company Invention, a toy design studio based near Chicago, makes toy rockets that are powered by burning hydrogen obtained by electrolysing water. Now the company is being funded by the US army to adapt the technology to fire bullets instead.

The US Army are interested in arming soldiers with weapons that can be switched between lethal and non-lethal modes. They asked Company Invention to make a rifle that can fire bullets at various speeds.

Sniper version

The new weapon, called the Variable Velocity Weapon System or VWS, lets the soldier to use the same rifle for crowd control and combat, by altering the muzzle velocity. It could be loaded with “rubber bullets” designed only to deliver blunt impacts on a person, full-speed lethal rounds or projectiles somewhere between the two.

Bruce Lund, the company’s CEO, says the gun works by mixing a liquid or gaseous fuel with air in a combustion chamber behind the bullet. This determines the explosive capability of the propellant and consequently the velocity of the bullet as it leaves the gun. “Projectile velocity varies from non-lethal at 10 metres, to lethal at 100 metres or more, as desired,” says Lund.

The company says that the weapon produces less heat and light than traditional guns. It can also be made lighter and could have a high power setting for long-range sniping.

Police already fire non-lethal projectiles from standard shotguns. These are known as “beanbag” rounds, bags of lead shot which will knock down a suspect at ranges of up to 10 metres. They are termed “non-lethal”, but can cause bruising or even broken ribs.
‘Handgun to Howitzer’

Lund says that the new weapon system will use different types of bullet for lethal and non-lethal use. Police forces already use separate shotguns for non-lethal loads – typically marking them with bright orange tape to prevent any confusion – so this shouldn’t be an issue.

The existing VWS design is a .50 calibre (12.7 mm) rifle weapon, but Lund says the technology can be scaled to any size, “handgun to Howitzer”.

Steve Wright, a security expert at Leeds Metropolitan University, UK warns of the potential risk of variable lethality.

“In a high-stress, high-personal-risk zone, there will be a real temptation for soldiers to turn the tuneable lethality switch up to ‘kill’ mode so that all doubt is removed.”

A demonstration version will be ready within six months, and the VWS could go into production within 18 months of approval, according to Lund and Company.


Record Decline in U.S. Home Prices in May From a Year Ago

July 22nd, 2008

Via: IHT:

A government report says U.S. home prices fell a record 4.8 percent in May from the same month last year.

The Office of Federal Housing Enterprise Oversight also says prices, on a seasonally adjusted basis, fell 0.3 percent from April to May. The index is down almost 5 percent from its peak in April of last year.

OFHEO oversees the government-sponsored mortgage-finance companies Fannie Mae and Freddie Mac.

The government index is calculated using mortgage loans bought or guaranteed by Fannie or Freddie.

Legislation enacted in February temporarily raised the limit to as much as $729,750 in high-cost areas such as California and the Northeast. Those loans are included in the index.


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