Here's the latest news that the main stream media seems to lose...
14 Then the Lord said unto me, The prophets prophesy lies in my name: I have not sent them, neither did I command them, neither spake I unto them, but they prophesy unto you a false vision, and divination, and vanity, and deceitfulness of their own heart.
15 Therefore thus saith the Lord, Concerning the prophets that prophesy in my Name, whom I have not sent, yet they say, Sword and famine shall not be in this land, by sword and famine shall those prophets be consumed.
16 And the people to whom these prophets do prophesy shall be cast out in the streets of Jerusalem, because of the famine, and the sword, and there shall be none to bury them: both they and their wives, and their sons, and their daughters: for I will pour their wickedness upon them.
(1893-1946) Commander-in-Chief of the Luftwaffe, President of the Reichstag, Prime Minister of Prussia and, as Hitler's designated successor, the second man in the Third Reich. [Göring]
April 18, 1946
Nuremberg Diary (Farrar, Straus & Co 1947), by Gustave Gilbert (an Allied appointed psychologist), who visited daily with Goering and his cronies in their cells, afterwards making notes and ultimately writing the book about these conversations.
|Posted by George Freund on July 2, 2015 at 8:25 AM|
227 worshippers were also injured in the devastating blast. The attack took place at the Imam al-Sadeq mosque in Kuwait city
|Posted by George Freund on July 2, 2015 at 8:00 AM|
heavily redacted report into the impact of fracking in the UK has
finally been released after the Information Commissioner ordered the
British government to publish it as "DEFRA [Department for Environment,
Food and Rural Affairs] has incorrectly withheld the information."
|Posted by George Freund on July 2, 2015 at 12:20 AM|
It has been theorised that some organisms could be bio-engineered to pull certain gases out of the Martian atmosphere - like carbon dioxide and methane - and create nitrogen and oxygen. Shown is a series of possible steps if Mars were to be terraformed
|Posted by George Freund on July 2, 2015 at 12:10 AM|
July 1, 2015 by Erin Elizabeth
NBC-2.com WBBH News for Fort Myers, Cape Coral
This has been a tragic few weeks and our hearts go out to family and friends of the doctors. First we had controversial Autism researcher Dr. Jeff Bradstreet MD who was found in a river with a gunshot wound to his chest on June 19th. His friends and family started a memorial page on June 20th in his honor on Facebook. I waited 3 days after that to report the story out of respect. A few still write that I shouldn’t cover these stories, but I am a journalist, and as I’ve repeatedly said, it brought me no joy to report the news. I waited until all were covered by mainstream news and or funeral sites. Dr. Bradstreet had lived just 45 minutes from us here in Florida. I also have been with a prominent very well known doctor and public figure for the last 6 years so it concerns me. Several prominent MD’s have contacted me these last 2 weeks who are also concerned.
Then we have Dr. Bruce Hedendal DC PhD who died suddenly on Father’s day. Sources tell me that he was found in his car and had died but the car was not running. There was no car accident they say. He was just in his car. Deceased. He had exercised earlier in the day they tell me and was in top shape. In addition to being a DC, he had his PhD in nutrition from Harvard. Many say he was a “pillar of health”. These sources didn’t know the cause of death. Not sure if anyone knows yet. Dr. Bradstreet’s case is still under investigation. We’re not sure about Dr. Hedendal. Both had dealt with run ins with the feds in the past. In fact, Dr. Bradstreet’s office was just raided by the feds days before he died.
Our hearts go out to both families and their friends and loved ones.
Now we have the beautiful intelligent Teresa Ann Sievers MD here in Florida. Her bio on her website talk about her many accomplishments and degrees as a medical doctor who believed in a holistic alternative approach. She lived in an “upscale” nice neighborhood where neighbors said they rarely, if ever had problems.
So three doctors in less than 2 weeks are found dead. We are heartbroken and have more doctors contacting us as my significant other is a prominent doctor also in Florida.
From the breaking news article about her death:
The killing of a popular Estero doctor has left family and friends puzzled and saddened.
The body of Dr. Teresa Ann Sievers, 46, was found Monday morning at her Jarvis Road home after she didn’t arrive at work.
“We don’t know anything but that she was murdered,” said Sievers’ sister, Annie Lisa, 52. She said Sievers, her husband and children had come to Connecticut for a gathering and her sister flew home alone Sunday.
We cannot imagine what the family is going through at this time. The article goes on to say.
The Lee County Sheriff’s Office declined to discuss the case, saying it was an ongoing homicide investigation, but assured neighbors that there was no threat in the area, but they reminded residents to lock their doors.
Sadly Dr. Sievers leaves behind a husband Mark, and their two
daughters who are 8 and 10. We will update the article as we know more
here in Florida. I was just in Bonita Springs visiting the neighborhood
where Dr. Sievers lived. I met so many people in the holistic and
Another article talks of a reward and has an anonymous number at the end of the piece that you can call to report tips on the murder.
Again we’ll report as more info becomes available and ask that everyone stay safe and alert.
|Posted by George Freund on July 1, 2015 at 11:35 AM|
Tragedy: Pensioners try to enter a bank in Athens this morning after roughly 1,000 branches around the country were ordered to reopen
|Posted by George Freund on July 1, 2015 at 10:40 AM|
Police and emergency services staged an exercise today to practice for a Tunisia-style terrorist attack in the centre of London
Armed police, the military, SAS and spies have staged a mock 'marauding terrorist attack' on the streets of London today to test how emergency services deal with a deadly atrocity in the wake of the ISIS killings in Tunisia.
In the biggest exercise of its kind ever staged, Operation Strong Tower is a 'noisy and visible' practice run for more than 1,000 Met police, armed forces, transport workers and Whitehall officials.
In extraordinary scenes, volunteers posing as members of the public were pictured with bloody wounds and fake severed limbs being lifted on stretchers by the emergency services.
Deputy Assistant Commissioner Maxine de Brunner said the Met has never before put on an exercise of this magnitude and it was designed to be 'very realistic'.
The dramatic public display of how the UK's security services would respond to an extremist's deadly assault came as efforts continue to identify British holidaymakers killed by an ISIS gunman on Friday.
Actors playing victims of an imagined terror attack at a tube station were seen sporting gruesome fake injuries during the exercise
Armed police were also seen piling into a disused London Underground station earlier this morning as part of the exercise
Details of the plan were made public in advance to prevent panic, as police chiefs said it would include 'live play' of a terrorist attack at a tube station, days before London marks 10 years since the 7/7 bombings which killed 52 people.
David Cameron said the operation would 'test and refine the UK's preparedness for dealing with a serious terrorist attack'.
The two-day training exercise began in central London on Tuesday morning to see how a large number of agencies work together in the face of a chaotic and dangerous situation.
Ms de Brunner, the exercise director, said: 'The exercise is designed to test command control and coordination of a multi-site marauding terrorist attack.'
This morning it included 'a test of the emergency service response to a terrorist attack, at the disused tube station at Aldwych'.
Surrey Street, which runs from the Strand to the Thames, was closed in the exercise which has been 'highly visible and audible to the public'.
The exercise started with a group of fake terrorists running down the street shooting pedestrians with dummy AK-47 rifles
TV footage of the incident showed ambulance paramedic treating mock victims marked with signs during the staged 'attack'
Many of those taking part had blood-soaked clothes and injuries so that police and ambulance services could practice triage
An armed policeman pretends to be injured or killed and is dragged away from the scene of the staged terror attack today
The first officers to arrive on the scene of the fake terror attack were 'put through their paces by mounting an operation to contain the area, evacuate the public, rescue and treat the wounded, manage a crime scene and importantly catch the people responsible', the Deputy Assistant Commissioner said.
Many of those taking part had blood-soaked clothes and injuries so that police and ambulance services could practice triage.
Others appeared to be playing hostages as they emerged appeared from a building near the old Aldwych tube station with their hands on their heads.
Police stressed that the ambitious exercise had been planned since January, but it will take on extra significance after the deadly shootings in Tunisia.
Met Police Commissioner, Sir Bernard Hogan-Howe, said: 'The threat level for terrorism has been raised over the last year and it is vital that we train and we learn.
'Today's exercise will test our people in how to respond to a terrorist threat and we will learn from the mistakes that we are bound to make today.
'It's best we make them today in an environment were we don't have terrorists, than make those mistakes when we do.'
The rate of terror-related arrests has increased in the last year, he said to the point where one person is caught every day.
The exercise to help police, ambulance services and officials anticipate how they would deal with a real terror attack in the capital
Police had to deal with people displaying a range of injuries during the training exercise, which comes after the Tunisia shooting
The exercise showed the large number of anti-terror police the Met now has at is disposal, with a new unit said to include 130 officers
'It is clear during that time that we've disrupted some very serious plots and some of those cases are going to the courts.
'We are testing here today in London, our capital city; I think people would expect us to do that.
'We’ve got lots of good leaders and lots of well trained people who are able to respond to the terrorist threat. The reason that we have these exercises is to make sure we are well trained.'
Sir Bernard added: 'The reason we have exercises like today is because, obviously, we are concerned there are people planning terrorist events. We intend first of all to stop them from getting to attack. But should we not stop the terrorists in their planning, it's essential we disrupt them in any of the attacks that may take place.'
The exercise included 1,000 Met police officers and staff, as well as teams from ambulance and fire services, Transport for London, the Home Office, Cabinet Office, Foreign Office, Department for Transport, Ministry of Defence, Department of Health, NHS England and the Department for Communities and Local Government.
Miss de Brunner said: 'This exercise is focused in the extreme end of what may happen, and I'd like to stress it is not being carried out in response to any specific intelligence
'And I'd like to reiterate to you all that this has been months in the planning - since January.'
She added: 'We do not want the public to be concerned because there will be elements of what we are doing that are noisy and visible.'
Other teams of rescue workers appeared outside Aldwych station in red uniforms which include heavy body armour
Volunteers playing hostages appeared from a building near the old Aldwych tube station with their hands on their heads
Police were seen evacuating scores of people from the disused Underground station, some of whom appeared to have lost limbs
Police and intelligence services believe the biggest threat against Britain comes from an attack by a 'lone wolf' who is not connected to any wider terror cell.
Security officials say they are the hardest plots to disrupt because they can be the work of a single person with little or no contact with known terrorists groups.
Police have had to draw up plans on how to respond to an ongoing gun attack, in which the perpetrators target dozens of people in public areas over a long period, as seen in Mumbai in 2008.
Fears of a 'marauding' gun attack have been raised after 18 people were taken hostage and two died in a siege in a coffee shop in Sydney last December, and the attack on the offices of the Charlie Hebdo magazine in Paris in January in which 12 people died.
On Friday gunman Seifeddine Rezgui targeted tourists at the Tunisian beach resort of El Kantaoui near Sousse, killing 38 people including at least 18 British holidaymakers, making it the worst terror attack on Britons since the July 7 London bombings in 2005.
It was reported this morning that Scotland Yard has been training a special unit of armed police to deal with such situations
Actors playing victims of the staged attack were seen being dragged away in slings by armed police
The exercise is one of the biggest of its kind ever conducted by the emergency services in London
Police chiefs argue they are better prepared for an attack than a decade ago, but have ordered today's training exercise to adapt to the evolving threat.
Miss de Brunner said: 'Sadly London is no stranger to terrorism and we, alongside our colleagues, have had to deal with the tragic events of July 2005.
'Given the changing nature of the very real terrorism threat and events around the world - Paris and Australia - we need to constantly adapt our plans and prepare for new and emerging threats.'
She added: 'What is vitally important to all the agencies involved, who routinely work together, and to Londoners is that when the very worst happens we are prepared to be the very best that we can and understand how each other will all operate together
'We have sound plans and highly dedicated, brave staff, that Londoners can be confident in.
'However, only through testing and exercising, constantly challenging our assumptions, refining our tactics and learning from our own experiences and those from others around the world can we be confident in our ability to respond.'
The extraordinary display of force comes days after ISIS gunman Seifeddine Rezgui gunned down 38 innocent tourists, including up to 30 Britons, on a beach in Tunisia
Fears of a 'marauding' gun attack have been raised after 18 people were taken hostage and two died in a siege in a coffee shop in Sydney last December, and the attack on the offices of the Charlie Hebdo magazine in Paris in January in which 12 people died
It comes as the police launched their biggest counter-terror operation for a decade over fears a 'lone wolf' attack could be launched using sub-machine guns smuggled into Britain.
The National Crime Agency has warned of the 'increased threat' posed by Skorpion weapons from the Czech Republic imported by gangs which could be used to kill dozens of people in copycat of the attack in Tunisia on Friday.
Scotland Yard has drafted in 600 officers - the biggest since the 7/7 bombings - and the Army is on standby to support police.
Terror manuals outlining how to make bombs and use firearms effectively are also being circulated by British extremists online. The interactive guides, which encourage 'lone wolf' attacks, were compiled by a militant from England who claims to have links to ISIS.
They include step-by-step instructions on how to make car bombs 'Iraqi style' and a piece on staying anonymous while using a smartphone.
David Cameron said today's operation would 'test and refine the UK's preparedness for dealing with a serious terrorist attack'
|Posted by George Freund on June 30, 2015 at 4:30 PM|
In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some respects, ignore Greece entirely. That’s right; forget about all the supposed drama surrounding Greek debt obligations. Will they find a way to pay creditors? Will they default? Will they make a deal with Russia and the BRICS? Will there be last-minute concessions to save the system? It doesn’t matter. It’s all a soap opera, an elaborate Kabuki theater run by international financiers and globalists.
It is most important to remember the fundamentals. Greece will default on its debts. Period. There is no way around it. Maybe Greece makes a deal today, maybe it makes a deal tomorrow; but eventually, the country’s ability to stretch out its resources in order to meet its exponential liabilities will end. It is inevitable, and no last-minute “deal” is going to change the math at the core of it all.
Why are so many economists so worried about a little country like Greece? It's all due to a great lie: a dishonest narrative being perpetuated by the establishment that if Greece falls, defaults or leaves the EU, this could trigger a domino effect of other nations hitting a debt wall and following suit. The lie embedded in this narrative is the claim that Greece will cause a “contagion” through the act of default. Let's be clear - there is no contagion. Multiple countries within the EU have developed their own debt problems in spite of Greece over the past couple of decades, not because of Greece. Each of these countries, from Italy, to Spain, to Portugal, etc. has its OWN sovereign debt disasters to deal with caused by its own fiscal irresponsibility. The only legitimate reason for a so-called contagion is the fact that these countries have been forced into socialist interdependency through the EU structure.
Never forget this: The EU is in trouble not because of Greece, but because of forced supranational interdependency. The EU by all rights should not exist, nor should any centralized supranational single currency system.
I would also point out that globalist institutions like the International Monetary Fund are highly motivated to initiate disaster in the EU, despite some people’s assumptions that the EU is some kind of representative model of globalization. It’s not. If this were the case, then the IMF would not be stiffing Greece on debt aid while continuing to help Ukraine despite Ukraine’s similar inability to pay.
Why would the globalists want a partial breakup of the EU? What would they gain from such an event?That’s easy; they gain crisis, chaos and an opportunity to present a false dialectic.
Europe is not at all representative of what globalists really want in terms of economic and political structure, no matter what many people assume. It is a, rather, a kind of facsimile; a half measure. When Europe hits the bottom of the financial abyss and the bewildered public begins asking what the hell happened, the elites will be there with an immediate explanation. They will claim that it was not the EU’s interdependency that was the problem. Instead, they will assert that the EU was actually not centralized ENOUGH. They will claim that in order for a supranational economy and currency to work, we must also have supranational governance. In other words, the system failed because it needs to be stabilized by global government.
(Greek pensioners locked out their bank. Ready to beg us for relief yet?)
The Fabian socialists will argue that it was the barbaric and outdated institution of national sovereignty that caused the full-spectrum crisis. They will completely gloss over the negative effects of an interdependent economic system and the fact that a lack of redundancy leaves cultures simpering and impotent. We’re all one big human village after all, so we should accept the idea that we all succeed or fail together. Free markets and individual innovation apparently have nothing to do with a thriving economic structure. What we really need is a hive mind amalgamation that turns us all into easily replaceable parts in a massive rumbling lawnmower that chews up our heritage, history and principles for the sake of some arbitrary greater good and the promise of alchemical floating cities in the sky where no one has to work anymore.
The fall of the EU is a means to an end for globalists. There is almost no nation or institution they will not sacrifice if that sacrifice can be exploited to further their goal of total global political and economic dominance. They don’t just want a completely centralized system; they want all of us to BEG them to put that system in place. They want the masses to think it was all our idea. This is the most pervasive and effective form of slavery, when the slaves are manipulated into demanding their own enslavement. When the slaves are fooled into believing their enslavement is something to be proud of — a badge of honor in service of the collective, if you will.
The fall of the U.S. will be no different in this regard. We do not necessarily have a supranational structure like the EU. So our narrative for collapse will be slightly different, and the engineered lesson we are meant to learn will be carefully crafted.
You see, Americans are meant to play the role of the spoiled imperialists who are finally getting what we deserve, an economic punch in our tender parts. We are the new Rome, bread and circuses and all. And when the U.S. comes crashing down like Europe, the Fabians will be there yet again to admonish the greed inherent in national sovereignty and the destructive aspirations of power that must be squelched by a more evenhanded global political system. I don’t really know how many people out there realize this, but we are meant to play the bad guys in the global theater being put on by the elites. Americans are the villains, the rest of the world plays the role of innocent victim, and globalist centers like the IMF and the BIS are meant to play the heroes, coming to the rescue of humanity when all appears lost.
Our debt generation by far outmatches that of the whole of EU nations combined, a fact I outlined in Part 3 of my series One Last Look At The Real Economy Before It Implodes. Unlike Greece, though, the U.S. has the direct option to print fiat at will in order to prolong punishment for our massive debt spending. However, as we have seen with recent market reactions to the very notion of an interest rate hike by the Federal Reserve in September, such an event will trigger extensive outflows from stock markets and herald the end of the “new normal.” Again, why would the banksters do this? Why not keep interest rates at a constant near zero? It is not as if there is any public pressure to raise rates; in fact, it's quite the opposite. Why is the Fed ignoring the hundreds of signals showing that the U.S. is in a recession and pushing ahead with discussion of interest rate hikes despite what one might logically conclude would be in the Fed's best interest?
The Fed knows that the only things propping up American markets are free money and blind faith by the public that banks and government will act to stop any pain or economic suffering, should such a potential for crisis arise. When the free money is gone and that faith disappears, then we will have an epic catastrophe on our hands. The globalists within the Fed know this, and they want this - at least , they want a controlled version of this. The elites NEED the fall of the current U.S. system exactly because this will make way for the rise of what they often term the “great economic reset.” This reset is the next stage in the plan for total global economic centralization.
This is not about contagion. There is no such thing. It is an excuse, a scapegoat designed to distract from the real problem. This is about a concerted effort over the past several decades by internationalists to maneuver Western cultures into a position of vulnerability. When people are weak and frightened, they become malleable. Social changes you would have never thought possible today become very possible tomorrow in the midst of a crisis. I believe we are now seeing the onset of the next great crisis, and the fundamentals of economy support my view. When the entire European system hangs by the thread of Greek debt and the entire U.S. system hangs by the thread of near zero interest rates and blind market faith, something is about to shatter. There is no going back from such a condition. There is only the path forward, and the path forward is not pleasant or comfortable and it cannot be ignored.
We cannot forget that crisis is in itself a distraction as well. Whatever pain we do feel tomorrow, or the next day, or the next decade, remember who it was that caused it all: the international banks and their globalist political counterparts. No matter what happens, never be willing to accept a centralized system. No matter how reasonable or rational it might sound amid the terror of fiscal uncertainty, never give the beast what it wants. Refuse to conform to the dialectic. This is the only chance we have left to get back to true prosperity. Once we cross the line into the realm of worldwide institutionalized interdependency, we will never know prosperity or freedom again.
|Posted by George Freund on June 30, 2015 at 11:30 AM|
Washington-based Nasa cut away from a live ISS stream the other day
The agency often cuts away to change cameras or when it's out of range
But some conspiracy theorists claimed to have seen UFOs in the video
And they claim Nasa cut away to prevent people seeing the 'aliens'
By JONATHAN O'CALLAGHAN FOR MAILONLINE
PUBLISHED: 15:13 GMT, 29 June 2015 | UPDATED: 17:04 GMT, 29 June 2015
It’s a dream scenario for conspiracy theorists: First, mysterious lights are spotted ‘leaving’ Earth, and then Nasa cuts a video stream from the International Space Station (ISS) showing them.
Of course, there must only be one rational explanation - Nasa was trying their best to prevent us knowing about a mysterious alien race.
Well, not quite. The most likely explanation is much more mundane, with the sudden blackout caused by either a camera glitch or a fragment of space debris.
The video is a short clip taken from Nasa’s ISS live stream, which shows the views from cameras on the space station.
Created by ‘Mister Enigma’ on YouTube, the video advises viewers to watch in full screen mode as ‘the UFOs are really small.’
Watching the video, a small speck of light can be seen very faintly in the distance rising from the atmosphere.
The feed from Nasa then cuts out, with the message: ‘Please stand by.
‘The High Definition Earth Viewing experiment is either switching cameras, or we are experiencing a temporary loss of signal with the International Space Station.’
The video then replays the footage but zooms in, showing what seem to be two rotating dots rising from the atmosphere.
Watching the video, a small speck of light can be seen very faintly in the distance rising from the atmosphere. The video then replays the footage but zooms in, showing what seem to be two rotating dots rising from the atmosphere, shown here
But before proclaiming that humanity has finally made first contact with aliens, it’s probably worth pointing out that there are several more rational explanations.
First, the quality of the video is extremely low. The two specks of light could simply be a glitch in the footage, or a glint of sunlight.
It could also be some space debris orbiting Earth, or even a satellite.
And the timing of Nasa switching off the video, while unfortunate, is certainly not on purpose; Nasa often switches cameras or temporarily turns off the feed.
This can be for a number of reasons, such as the station moving out of range of ground stations.
It’s also highly unlikely that Nasa monitors this feed constantly, as it runs almost around the clock seven days a week, apart from these brief stops.
'I'm a bit suspicious of this video, it could be of "real" objects out there or some form of camera trickery,' Nigel Watson, author of the UFO Investigations Manual, told MailOnline.
'UFO spotters love to see any object or flick of light out there as proof that extraterrestrial craft are monitoring our planet, and are keeping an eye on the ISS at a distance.
'Though if they are piloted by aliens using advanced technology wouldn't they have perfected the means to hide themselves completely from our cameras?'
THE INTERNATIONAL SPACE STATION IN NUMBERS
Construction of the ISS began on 20 November 1998. It supports a crew of up to six, with crews typically split into groups of three.
The station orbits at a height of about 255 miles (410km). It has a total mass of about 990,000 pounds (450,000kg) and has living space roughly equivalent to a five-bedroom house.
It completes an orbit of Earth every 92.91 minutes and moves at 17,100 miles (27,600km) per hour.
It has now been in space for more than 6,000 days, during which time it has completed more than 92,500 orbits of Earth, and has been continuously occupied for more than 14 years.
Shown is the screen Nasa displays when it is switching cameras, or when the ISS is out of range
Before proclaiming that humanity has finally made first contact with aliens, it’s probably worth pointing out that there are several more rational explanations. It's likely the specks of light were just random pieces of space debris, a glitch in the camera or satellites in orbit
This latest UFO claim follows another last week, with conspiracy theorists saying they had found a ‘pyramid’ on Mars.
Citing the 'near-perfect design and shape', they argue the 'pyramid' is evidence that an ancient civilisation once lived on the red planet.
While the pyramid is believed to be 'car-sized', alien-hunters say it may be just the tip of a much larger structure buried beneath.
YouTube channel ParanormalCrucible used video footage taken by Nasa's Curiosity Rover on 7 May to back up its claims.
'None of the Curiosity Rover's subsequent photos taken at 20 to 30 sec intervals in the following few minutes and the subsequent photos hours later, included the object,' wrote UFO site Exopolitics.
The pyramid, though, is almost certainly just a chance shaping of a rock on the red planet that happens to look vaguely similar to something familiar to us on Earth.
Last week, conspiracy theorists said they had found a pyramid on Mars (shown). Citing the 'near-perfect design and shape', they argue the 'pyramid' is evidence that an ancient civilisation once lived on the red planet - although it is almost certainly just a coincidental rock shape
I'd vote for studio lights on the set. OOPS! It's not like NASA hasn't faked things. What if they fake everything?
|Posted by George Freund on June 30, 2015 at 11:20 AM|
Mrs Blair was seen arriving with the rest of Karake's legal team at Westminster Magistrates' Court yesterday
Rwandan Karenzi Karake, 54, detained at Heathrow Airport on Saturday
Spy chief accused of ordering massacres in wake of the 1994 genocide
Karake is also accused of the murder of three Spanish aid workers
Cherie Blair on legal team that helped him secure £1million bail yesterday
By Ollie Gillman for MailOnline
Published: 09:36 GMT, 26 June 2015 | Updated: 11:04 GMT, 26 June 2015
A Rwandan spy chief arrested in London over alleged war crimes has been freed from jail on a £1million bail, thanks to a defence team that includes Cherie Blair.
General Karenzi Karake, director-general of Rwanda's national intelligence agency, is accused of ordering massacres in the wake of the 1994 Rwandan genocide and of the murder of three Spanish aid workers.
He was detained at Heathrow on Saturday on behalf of the Spanish authorities - 21 years after the alleged crimes.
Mrs Blair was seen arriving with the rest of Karake's legal team at Westminster Magistrates' Court yesterday
Mr Watkins said it was clear the Rwandan government 'did not accept the legitimacy of these proceedings'.
'It's perfectly plain their feelings towards these proceedings are outrage,' he added.
Mark Summers QC, defending Karake, said his client was 'a man of impeccable character' with a title in Rwanda comparable to the director of the CIA in America.
'He's not a rogue army officer,' he said. 'He's a senior member of a respected and democratic government.
'The context of these allegations is the government's battle to end the 1994 genocide.
Karake (pictured) was detained at Heathrow on Saturday on behalf of the Spanish authorities
'This is a private prosecution in Spain by private interest groups with links to those responsible for the underlying genocide.'
Mr Summers said Rwanda was not alone in its outrage about the indictment as the US had labelled it a 'bloated political tract'.
Karake's supporters began singing in the public gallery as he left the dock, while Rwanda's High Commissioner, Attorney General and the country's ambassador to Spain also sat in the well of the court.
Mrs Blair confirmed yesterday that Karake would not be immediately released from custody.
Speaking outside the courtroom, Johnston Busingye, Rwanda's minister for justice and attorney general, said: 'We did not expect General Karake would be arrested in the UK. When it happened we trusted we would make our case when the day comes in the court of law.'
Asked whether the arrest would affect Rwanda's relationship with the UK, he replied: 'Our relationship with the UK is bigger and longer and I would not want to narrow it.'
Karake's arrest on Saturday was condemned by Rwanda's High Commissioner in London, Williams Nkurunziza, as 'an insult', and former international development secretary Andrew Mitchell claimed it was 'politically motivated'.
Mr Mitchell, who worked closely with the Rwandan government while a Cabinet minister, said the European arrest warrant system was being 'abused', with the allegations pursued by supporters of the old regime in Rwanda.
More than a dozen protesters waving placards in support of General Karake - who is nicknamed KK - gathered outside the court ahead of the hearing.
The placards included the messages 'Stop humiliating Africa,' '£freekarake' and 'UK, USA stand up against the Spanish indictment'.
Another placard read: 'Rwandan Community in the UK stand by our hero Lt Gen Karenzi Karake'.
One protester, who gave his name only as Peter, said: 'The embassy has its own official duties but we as Rwandans and compatriots of General KK are here to support him.'
A case management hearing will take place at the court on September 26 before a full extradition hearing on October 29 and 30.
|Posted by George Freund on June 28, 2015 at 10:05 PM|
By Michael Snyder, on June 22nd, 2015
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a starring role. When many people hear the word “derivatives”, they tend to tune out because it is a word that sounds very complicated. And without a doubt, derivatives can be enormously complex. But what I try to do is to take complex subjects and break them down into simple terms. At their core, derivatives represent nothing more than a legalized form of gambling. A derivative is essentially a bet that something either will or will not happen in the future. Ultimately, someone will win money and someone will lose money. There are hundreds of trillions of dollars worth of these bets floating around out there, and one of these days this gigantic time bomb is going to go off and absolutely cripple the entire global financial system.
Back in 2002, legendary investor Warren Buffett shared the following thoughts about derivatives with shareholders of Berkshire Hathaway…
The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.
Those words turned out to be quite prophetic. Derivatives have definitely multiplied in variety and number since that time, and it has become abundantly clear how toxic they are. Derivatives played a substantial role in the financial meltdown of 2008, but we still haven’t learned our lessons. Today, the derivatives bubble is even larger than it was just before the last financial crisis, and it could absolutely devastate the global financial system at any time.
During one recent interview, Buffett was asked if he is still convinced that derivatives are “weapons of mass destruction”. He told the interviewer that he believes that they are, and that “at some point they are likely to cause big trouble”…
Thirteen years after describing derivatives as “weapons of mass destruction” Warren Buffett has reaffirmed his view that they pose a threat to the global economy and financial markets.
In an interview with Chanticleer this week, Buffett said that “at some point they are likely to cause big trouble“.
“Derivatives, lend themselves to huge amounts of speculation,” he said.
Most of the time, the big banks that do most of the trading in these derivatives do very well. They use extremely sophisticated computer algorithms that help them come out on the winning end of these bets most of the time.
But when there is some sort of unforeseen event that suddenly causes a massive shift in the marketplace, that can cause tremendous problems. This is something that Buffett discussed during his recent interview…
“The problem arises when there is a discontinuity in the market for some reason or another.
“When the markets closed like it was for a few days after 9/11 or in World War I the market was closed for four or five months – anything that disrupts the continuity of the market when you have trillions of dollars of nominal amounts outstanding and no ability to settle up and who knows what happens when the market reopens,” he said.
So if the markets behave fairly calmly and predictably, the derivatives bubble probably will not burst.
But no balancing act of this nature ever lasts forever. Just remember what happened in 2008. Lehman Brothers collapsed and then the financial system virtually froze up. According to Forbes, at that time almost everyone was afraid to deal with the big banks because nobody was quite sure how much exposure they had to these risky derivatives…
Fast forward to the financial meltdown of 2008 and what do we see? America again was celebrating. The economy was booming. Everyone seemed to be getting wealthier, even though the warning signs were everywhere: too much borrowing, foolish investments, greedy banks, regulators asleep at the wheel, politicians eager to promote home-ownership for those who couldn’t afford it, and distinguished analysts openly predicting this could only end badly. And then, when Lehman Bros fell, the financial system froze and world economy almost collapsed. Why?
The root cause wasn’t just the reckless lending and the excessive risk taking. The problem at the core was a lack of transparency. After Lehman’s collapse, no one could understand any particular bank’s risks from derivative trading and so no bank wanted to lend to or trade with any other bank. Because all the big banks’ had been involved to an unknown degree in risky derivative trading, no one could tell whether any particular financial institution might suddenly implode.
After the crisis, we were promised that something would be done about the “too big to fail” problem.
But instead, the problem of “too big to fail” is now larger than ever.
Since the last financial crisis, the four largest banks in the country have gotten approximately 40 percent larger. Today, the five largest banks account for approximately 42 percent of all loans in the United States, and the six largest banks account for approximately 67 percent of all assets in our financial system. Without those banks, we would not have much of an economy left at all.
Meanwhile, smaller banks have been going out of business or have been swallowed up by the big banks at a staggering rate. Incredibly, there are 1,400 fewer small banks in operation today than there were when the last financial crisis erupted.
So we cannot afford for these “too big to fail” banks to actually fail. Even the failure of a single one would cause a national financial nightmare. The “too big to fail” banks that I am talking about are JPMorgan Chase, Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo.
When you total up the exposure to derivatives that all of them currently have, it comes to a grand total of more than 278 trillion dollars. But when you total up all of the assets of all six banks combined, it only comes to a grand total of about 9.8 trillion dollars. In other words, the “too big to fail” banks have exposure to derivatives that is more than 28 times the size of their total assets.
I have shared the following numbers with my readers before, but it is absolutely crucial that we all understand how exceedingly vulnerable our financial system really is. These numbers come directly from the OCC’s most recent quarterly report (see Table 2), and they reveal a recklessness that is almost beyond words…
Total Assets: $2,573,126,000,000 (about 2.6 trillion dollars)
Total Exposure To Derivatives: $63,600,246,000,000 (more than 63 trillion dollars)
Total Assets: $1,842,530,000,000 (more than 1.8 trillion dollars)
Total Exposure To Derivatives: $59,951,603,000,000 (more than 59 trillion dollars)
Total Assets: $856,301,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,312,558,000,000 (more than 57 trillion dollars)
Bank Of America
Total Assets: $2,106,796,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,224,084,000,000 (more than 54 trillion dollars)
Total Assets: $801,382,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $38,546,879,000,000 (more than 38 trillion dollars)
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)
Since the United States was first established, the U.S. government has run up a total debt of a bit more than 18 trillion dollars. It is the biggest mountain of debt in the history of the planet, and it has grown so large that it is literally impossible for us to pay it off at this point.
But the top five banks in the list above each have exposure to derivatives that is more than twice the size of the national debt, and several of them have exposure to derivatives that is more than three times the size of the national debt.
That is why I keep saying that there will not be enough money in the entire world to bail everyone out when this derivatives bubble finally implodes.
Warren Buffett is entirely correct about derivatives – they truly are weapons of mass destruction that could destroy the entire global financial system at any time.
So as we move into the second half of this year and beyond, you will want to watch for terms like “derivatives crisis” or “derivatives crash” in news reports. When derivatives start making front page news, that will be a really, really bad sign.
Our financial system has been transformed into the largest casino in the history of the planet. For the moment, the roulette wheels are still spinning and everyone is happy. But sooner or later, a “black swan event” will happen that nobody expected, and then all hell will break loose.