- Graham Freeman was jailed for stealing confidential information for firms
- He says publication of the names of the
companies would rock the City
- Says police are reluctant to release details of businesses
- It would expose failure to investigate serious fraud
allegations
By
Robert Verkaik: A private investigator at the centre
of a row over a secret list of blue-chip companies that hired corrupt
private detectives has claimed they are being protected by the police.
Graham
Freeman, one of four private detectives jailed last year for stealing
confidential information on behalf of big business clients, says
publication of the names of the companies would rock the City and lead
to high-profile prosecutions.
He
claims the police and the Serious Organised Crime Agency (SOCA) are
also reluctant to release the details because it would expose their own
failure to investigate serious fraud allegations over years.
- Greece: currently living through a capital "D" Depression; destitution has reached the professional classes at this point
- Italy: teetering on the edge of political collapse as politicians fight any and all austerity measures
- Spain: rocked by political scandal, its banking system is now insolvent
- Portugal: experiencing the flight of its younger generation out of the country
- France: quickly becoming a bankrupt welfare state, as only 17 million of its 66 million citizens are working
- Holland: stumbling under the highest level of private sector debt to GDP of any EU country
- Belgium: struggling with the same challenges as Holland
- Germany: losing its sovereign wealth with every bailout of its clearly insolvent neighbors
By Wolf Richter: While workers in the upper income categories, those who don’t have to
worry about the price of toilet paper, have seen their incomes rise
sharply over the years, the rest have been in a long downward spiral. To
take just one measure: median household income, adjusted for inflation,
has dropped 7.8% since 2000 (chart). The drop has been steeper for the lower income categories. These are the folks who do worry about the price of toilet paper. And for them, Kimberly-Clark Corp. and other tissue makers have a special strategy:
“Desheeting.”
A word that top executives of personal-care conglomerates are proudly
bandying about because it speaks of their corporate spirit of
relentless innovation. And it cropped up during Kimberly-Clark’s
second-quarter earnings call.
CFO Mark Buthman set the scene when he extolled “organic” sales growth of a whopping 3% in the second quarter, though actual sales, at $5.267 billion, were down fractionally
year over year. A continuation of a worsening trend: in 2011, sales
rose 5.5%. In 2012, sales rose only 1.0%, not even keeping up with
inflation – a topic that came up a lot during the earnings call. In
2013, revenues look to be even more lackadaisical.
Authored by Paul Mylchreest: Excessive monetary stimulus and low interest rates create financial bubbles.
This is the biggest debt bubble in history. It is a potent deflationary
force and central banks are forced into deploying increasingly
aggressive (offsetting) inflationary forces. The avoidance of a typical
deflationary resolution to this economic long (Kondratieff) wave is
pushing the existing monetary system beyond the point of no return. The
purchasing power of the developed world’s currencies will have to bear
the brunt of the “adjustment”. Preparations for this by the BRICS nations, led by China, are advancing rapidly.
The end game is an inflationary/currency crisis, dislocation
across credit and derivative markets, and the transition to a new
monetary system. A new “basket” currency is likely to replace
the dollar as the world’s reserve currency. The “Inflationary Deflation”
paradox refers to the coming rise in the price of almost everything in
conventional money and simultaneous fall in terms of gold.
In the last report, we analysed the negative consequences of QE on the (oh so vital) liquidity of the shadow banking system.
AJ: The depths of evil depicted in this production, does not even scratch
the surface of crimes committed against humanity by the corporate,
globalist, New World Order. If this disturbs you, reality should disturb
you even more.
By Monty Pelerin: It
is nearly impossible to convince people that an economic collapse is
likely, perhaps inevitable. It is beyond anything they have seen or can
imagine. I attribute that to a normalcy bias, an inherent weakness of
experiential learners. For many, accepting something that has not
occurred during their time on the planet is not possible. The laws of
economics and mathematics may shape history but they are not controlled
by history.
The form of cataclysm and its timing is indeterminable. Political
decisions continue to shape both. The madmen who are responsible for the
coming disaster continue to behave as if they can manage to avoid it.
Violating Einstein’s definition of insanity, they continue to apply the
same poison that caused the problem. These fools believe they can
manage complexities they do not understand. We are bigger fools for
providing them the authority to indulge their hubris and wreak such
damage.
Apocalypse In One Picture
Stefan Molyneux, host of Freedomain Radio, discusses human livestock management on the Nomad Capitalist Report.
Don’t look for consistency and truth in Government
The Slog: Jeremy Hunt loves and encourages whistleblowers, but William Hague
disapproves of them mightily. This is because they have different aims:
Mr Shunt is trying to get his mates into a privatised NHS bonanza,
whereas Mr Hague is trying to get his member as far up the American
backside as he can. This must be a major split in the senior
Conservative ranks, surely? Er, no: Mr Punt disapproves of the Wikileaks
whistleblower Bradley Manning, and on this they are in full agreement.
So, um, what is Tory policy on whistleblowers? Public Sector good, State bad? Right-ho, just so we’re clear on this point.
But hang on, hasn’t David Cameron said many times he does “not want
to associate with tax avoiders” whereas Jeremy Fruntbottom is, of
course, a chap who avails himself of this practice at every opportunity?
So surely the Prime Minister must do his duty and fire the Health
Secretary? Don’t hold your breath. Cameron is not in a position to fire Mr Blunt: he is a protected species.
Dave himself of course refuses to fire his own protected species, George Unborn. This despite the fact that respected observers
now accept Wee Georgie’s Deflatathon method of showing the economy is
growing is tosh: the RPI version suggests we’re in a depression; which,
of course, we are.
By Katie Holliday: Investors should always prepare for the most extreme risk scenario
because it will happen, Goldman Sachs CEO Lloyd Blankfein told the
Australian Institute of Company Directors at a breakfast briefing on
Friday.
Blankfein, who's been Goldman CEO since 2006, steered
it through the fallout of the global financial crisis of 2007-2008. He
said the experience had taught him to accept that the worst thing you
can imagine will inevitably happen.
"Most risk management is
really just advanced contingency planning and disciplining yourself to
realize that, given enough time, very low probability events not only
can happen, but they absolutely will happen," said Blankfein.
"The definition of infinity is that you wait long enough, everything happens."
By
Robert Verkaik: A private investigator at the centre
of a row over a secret list of blue-chip companies that hired corrupt
private detectives has claimed they are being protected by the police.
