Man On Fire: 08/01/13

1 Aug 2013

Never Mind The Czech Gold The Nazis Stole...

The Bank for International Settlements actually financed Hitler’s war machine

By Adam Lebor: The documents reveal a shocking story: just six months before Britain went to war with Nazi Germany, the Bank of England willingly handed over £5.6 million worth of gold to Hitler – and it belonged to another country.

The official history of the bank, written in 1950 but posted online for the first time on Tuesday, reveals how we betrayed Czechoslovakia – not just with the infamous Munich agreement of September 1938, which allowed the Nazis to annex the Sudetenland, but also in London, where Montagu Norman, the eccentric but ruthless governor of the Bank of England agreed to surrender gold owned by the National Bank of Czechoslovakia.

The Czechoslovak gold was held in London in a sub-account in the name of the Bank for International Settlements, the Basel-based bank for central banks. When the Nazis marched into Prague in March 1939 they immediately sent armed soldiers to the offices of the National Bank. The Czech directors were ordered, on pain of death, to send two transfer requests.

The first instructed the BIS to transfer 23.1 metric tons of gold from the Czechoslovak BIS account, held at the Bank of England, to the Reichsbank BIS account, also held at Threadneedle Street.

The second order instructed the Bank of England to transfer almost 27 metric tons of gold held in the National Bank of Czechoslovakia’s own name to the BIS’s gold account at the Bank of England.

“Debt Equals War and Equity Equals Peace”

Independent German financial journalist Lars Schall talked with U.S. financial investment advisor Catherine Austin Fitts. Inter alia, they discussed: the shift in the global economy; various facets of gold and currency politics; the difference between official reality and reality; some background regarding NSA & Co.; and last but not least the use of the term “conspiracy theorist”. She says: “When I hear people be derogatory about conspiracies basically that to me in my world that I grew up in is simply a symptom that they have agreed to be powerless and wear it like a badge of honor.”

Banksters, secretive societies, pan-European maniacs: in grasping at everything, they grasp nothing.

Necrophilia on Wall Street, egomania at the BIS, false history from the EC

Miss America and Wall St….still on the job

From the Wall Street Journal:

Two major Wall Street firms are in detailed discussions to create and sell the world’s first bond backed by home-rental payments, people familiar with the matter say. Investors still are hungry for the high returns that are likely to accompany a first-of-its-kind deal, which would be viewed as more risky than well-known securities. The top-rated slice could receive a rating as high as single-A or triple-B from some of the credit-rating firms, some of the people familiar with the deal add. The structure of the deal would be similar to better-known securities, such as those backed by home or commercial mortgages.

The Slog: Well that sounds nice and safe, what? Absolutely spiffing idea. Here’s another gem via Yahoo finance (my emphasis):

“From the 1950s to the 1990s the Bank for International Settlements (BIS) hosted much of the planning and technical preparation for the introduction of the euro. Without the BIS, the euro would probably not exist. In 1994, Alexander Lamfalussy, the former BIS manager, set up the European Monetary Institute, now known as the European Central Bank.

If Deutsche Bank Goes Under It Will be Lehman Times Five! - Bullion Banks Have Pilfered 60,000 Tons of Gold From Allocated Accounts! - Jim Willie

By The Doc: The Doc sat down with Jim Willie for the 2nd part of an explosive interview this week discussing the likelihood of a coming bank failure contagion, and multiple signs of an impending implosion in the gold market.
Willie made the shocking claim that upwards of 60,000 tons of gold have been pilfered from ALLOCATED gold accounts by the bullion banks, & stated that the bars have been recast to remove the evidence, and are now physically held by Eastern parties such as William Kay's hedge fund.
Willie stated that the allocated gold account theft scandal will break soon, and could be the largest bank scandal in history.

The Most Important Number In The Entire U.S. Economy

By Michael Snyder: There is one vitally important number that everyone needs to be watching right now, and it doesn't have anything to do with unemployment, inflation or housing. If this number gets too high, it will collapse the entire U.S. financial system. The number that I am talking about is the yield on 10 year U.S. Treasuries. When that number goes up, long-term interest rates all across the financial system start increasing. When long-term interest rates rise, it becomes more expensive for the federal government to borrow money, it becomes more expensive for state and local governments to borrow money, existing bonds lose value and bond investors lose a lot of money, mortgage rates go up and monthly payments on new mortgages rise, and interest rates throughout the entire economy go up and this causes economic activity to slow down. On top of everything else, there are more than 440 trillion dollars worth of interest rate derivatives sitting out there, and rapidly rising interest rates could cause that gigantic time bomb to go off and implode our entire financial system. We are living in the midst of the greatest debt bubble in the history of the world, and the only way that the game can continue is for interest rates to stay super low. Unfortunately, the yield on 10 year U.S. Treasuries has started to rise, and many experts are projecting that it is going to continue to rise.

Prince George has 50 armed guards as fascist border police + Heading to Glasgow to interview Frankie Boyle + Incredible interview with Charles local Balcombe resident - BBC Sucks O Cocks News

The artist taxi driver: Prince George has 50 armed guards as fascist border police racially profile members of public at London tube stations

Uruguay parliament passes bill on production, distribution of marijuana

UK Banned Press TV: Uruguay’s parliament has passed a controversial bill that legalizes for the first time the production and distribution of marijuana by the government.

The legislation was approved on Wednesday with 50 lawmakers out of 96 voting in favor of it following 14 hours of tough discussion.

The Senate must give the bill the final approval.

“The regulation is not meant to promote consumption,” lawmaker Sebastian Sabini claimed at the beginning of the voting session. “Consumption already exists,” he argued.

President Jose Mujica’s leftist government has also supported the legislation.

The supporters of the bill say the consumption of marijuana has doubled in the last ten years in the South American country of 3.4 million people.

US Federal court: no warrant is required for law enforcement to track your location via cell phone records

By Madison Ruppert: A federal appeals court has ruled that law enforcement agencies are not required to obtain a warrant in order to track your location through your cell phone records.
This is hardly a surprising decision given that other judges have said that cell phone users have “no legitimate expectation of privacy,” some in the house have said no warrant should be required to acquire geolocation data, and the Obama administration claims location data is not protected by the Fourth Amendment.
The Fifth U.S. Circuit Court of Appeals in New Orleans supported this trend earlier the week by overturning a federal judge in Houston, according to the Wall Street Journal.
The court ruled that cell phone records are the property of your carrier and thus are not protected by the Fourth Amendment’s probable cause standard.
However, authorities must still get a court order in order to carry out a search of your cell phone records, though the standards are much lower than those required for search warrants.

Man On Fire