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Former 'God's Banker' Could Blitz Vatican with Cache of Secret Documents

Bank Scandal
© AFP Photo/Osservatore Romano
Pope Benedict XVI talks to the former head of the Vatican bank Ettore Gotti Tedeschi.
The former head of the Vatican Bank has become the Papacy's Enemy Number One, after police discovered a trove of documents exposing financial misdeeds in the Holy See. The banker now reportedly fears for his life.

­Earlier this week police conducted a dawn raid on the house and office of Ettore Gotti Tedeschi. Investigators say they were looking for evidence in a graft case against defense and aerospace firm Finmeccanica, which was formerly run by a close friend of Gotti Tedeschi.

Instead, as it turns out, police stumbled upon an entirely different find.

They discovered 47 binders containing private communication exposing the opaque inner workings of the secretive Holy See. They included financial documents, details of money transfers and confidential internal reports - all prepared by Gotti Tedeschi to build a convincing expose of corruption in the Vatican.

A renowned economics professor and head of the Italian branch of the giant Bank of Santander Gotti Tedeschi took what turned out to be a poisoned chalice of a job in 2009, when he became the President of the Institute for Works of Religion, the formal name for the Bank of Vatican. His brief was formidable - to introduce transparency to a lucrative enterprise that had become a byword for money-laundering and corruption.

After a tumultuous three years marked by in-fighting and public scandals, Gotti Tedeschi was unanimously dismissed from his post by a board of Vatican officials in May.

"I have paid for my transparency" the indignant banker said to the media, as he stormed off even before his dismissal hearing was over.

The confidential minutes of the stormy meeting obtained by Reuters showed the banker accused of "progressively erratic personal behavior" and "exhibiting lack of prudence and accuracy in comments regarding the Institute".

But there may have been other reasons.

Dominoes

Bank Run Forces Spain To Request $125 Billion Bailout

Spain
Spain has officially requested a $125 billion bailout to keep its banks afloat after massive deposit withdrawals from the nation's banks.

Three days ago Spain's budget minister split with Spain's prime minister announced that the country no longer had feasible access to borrow money from the financial markets.

He begged for bailout live on the radio after coming to the realization Spain's banks need a massive cash injection to recapitalize the deposits that have disappeared due to the bank runs that have spread across Europe.

Just three short days later Spain's economy minister is now officially requested Europe's fourth bailout seeking $125 billion dollars to inject into the banks.

The key thing to realize here is this bailout isn't to help with the Sovereign debt crisis and in fact will only make Spain's crisis worse by adding more debt on the nation's unbearable debt load.

This bailout is simply to inject the banks with capital following the bank run after Spain's 3rd largest bank announced it was insolvent and Spain is requesting it because they can't borrow money from the markets at a rate which they will be able to pay back.

Vader

Leon Panetta: US is Running Out of Patience with Pakistan

US defence secretary says Pakistan is offering safe havens to terrorists as he arrives in Kabul for Nato talks
Image
© S Sabawoon/EPA
Leon Panetta in Kabul, where he called on Pakistan to do more to crack down on militants.
The US defence secretary, Leon Panetta, has said the United States is reaching the limits of its patience with Pakistan because of the safe havens the country offers to insurgents from neighbouring Afghanistan.

In some of the strongest language used by a US official to describe the strained ties between Washington and Islamabad, Panetta said: "It is difficult to achieve peace in Afghanistan as long as there is a safe haven for terrorists in Pakistan."

Panetta arrived in Kabul on Thursday morning for talks with Nato military leaders amid rising violence in the war against the Taliban and a spate of deadly attacks, including a Nato air strike said to have killed 18 villagers.

"It is very important for Pakistan to take steps. It is an increasing concern, the issue of safe havens, and we are reaching the limits of our patience," he told reporters.

Bizarro Earth

Thousands flee after deadly Ivory Coast attacks

Image
© Agence France-Presse/Issouf Sanogo
Deputy Defence Minister Paul Koffi Koffi said the attackers crossed over from neighbouring Liberia
Thousands of civilians in Ivory Coast have fled their homes after seven UN peacekeepers and eight civilians were killed in raids near the Liberian border, a UN official and residents said Saturday.

The wave of unrest prompted Liberia to announce it was shutting its border with its neighbour, although it said the move would not affect humanitarian work in the area.

The peacekeepers were killed Friday while they were patrolling an area between two villages after hearing rumours of an imminent attack on communities there. At least one Ivorian soldier was also killed in the ambush.

A series of simultaneous raids on several villages near the southwestern town of Tai sparked an "immediate" exodus, UN spokeswoman Anouk Desgroseilliers told AFP.

The raids came just days after a Human Rights Watch report blamed recent attacks in southwest Ivory Coast on fighters loyal to former president Laurent Gbagbo, who is currently awaiting trial on war crimes charges.

The authorities in Abidjan have said those behind Friday's attacks came from Liberia.

2 + 2 = 4

Taliban close Afghan schools over NATO killings

Image
© Agence France-Presse/Manan Vatsyayana
Baraki Barak resident Shah Mahmood says his three children were sent home by teachers today
Taliban insurgents have ordered schools in an Afghan district where a NATO air strike killed 18 civilians to close for three days to mourn the dead, officials said.

The civilians died in an operation against insurgents Wednesday in Baraki Barak, a heavily populated district in Logar province, just south of the capital Kabul.

The US commander of NATO forces General John Allen apologised in a meeting with President Hamid Karzai and gave a commitment that his forces would no longer carry out air strikes in residential areas, Karzai's office said.

"The Taliban have threatened the residents and teachers to not go to schools for three days. They say it's to mourn the deaths of the civilians," district governor Sayed Wakil Agha told AFP.

Bizarro Earth

45 Militants Killed in Afghanistan

At least 45 Taliban militants have been killed in operations carried out by Afghan and NATO-led troops, the interior ministry said on Sunday. The forces launched 10 "clean-up" operations in Kabul, Laghman, Parwan, Helmand, Uruzgan and Farah provinces, in which 33 militants were killed, Xinhua reported citing a ministry statement.

Six militants were injured and nine were captured during the raids.

The statement, however, did not say if there were any casualties among the security forces.

Eight Taliban militants were killed in a special forces operation in Bati Kot district of eastern Nangarhar province Saturday night, said Ahmad Zia Abdulzai, a spokesman for the provincial government.

Four militants were killed when an anti-tank mine blew up prematurely in Jani Khil district of Pakitka province, the ministry said.

According to figures released by the interior ministry, around 430 militants have been killed, 130 wounded and over 450 others detained since May 1.

Vader

Egypt's Mubarak in Critical Condition

Hosni Mubarak
© The Associated Press/Mohammed Al-Law
Jan. 29, 2012, file photo, former Egyptian President Hosni Mubarak is wheeled into court in Cairo, Egypt.
Cairo - Egypt's ailing former president Hosni Mubarak is slipping in and out of consciousness eight days after he was transferred to a hospital inside a Cairo prison to serve his life sentence, a security official said on Sunday.

In order to squash rumors of his death, authorities granted his wife, former first lady Suzanne Mubarak, and her two daughters-in-law special permission to visit him early on Sunday morning, according to the official who spoke from inside Torah prison.

Since then, he has suffered from an irregular heartbeat and required assistance in breathing. The official told The Associated Press that Mubarak lives only on liquids and yogurt. He spoke on condition of anonymity because he was not authorized to speak to the media.

Mubarak's health is reported to have collapsed since his June 2 conviction for failing to stop the killing of protesters during the uprising that overthrew him in 2011. His life sentence saw him transferred immediately to a prison hospital, instead of the military hospital and other facilities where he had been held since his April 2011 arrest.

Authorities have turned down several requests by Mubarak's family to transfer the ousted president back to a military facility, the official said.

Play

Pro-Inflation Propaganda From 1933

The pro-inflation argument hasn't changed much, if at all, since this clip was made in the 30′s. The logic is just as twisted and short-sighted today as it was then. The idea that temporarily pulling demand forward, and devaluing currency, could ever produce a sustained positive effect is as ridiculous as ever.

It's a fascinating historical piece, and well-worth watching. The pro-FDR aspects are particularly interesting/disturbing.


Comment: It is always fascinating to watch old news reels such as this one. The ideas are the same as the FED's continued action to print money to 'moderate' inflation. The result of inflation in 1933 was reducing standard of living for the general population and a boom time for the banks, rather like the massive expansion of the rich/poor divide we are witnessing today.


Attention

2010 Rockefeller Foundation document outlines scenario resulting in deaths of 13,000 during London 2012 Olympics

wenlock
© Unknown
A 2010 Rockefeller Foundation document entitled "Scenarios for the Future of Technology and International Development" outlines a scenario which results in the death of 13,000 during the 2012 Olympics.

Rise of Authoritarianism

The first worrying prediction begins in 2012 when 'the pandemic the world had been anticipating for years', finally hits, infecting nearly 20 percent of world population and claiming 8 million lives. Due to this pandemic, the Rockefeller Foundation outlines how the public will welcome a more authoritative government and a tighter control across all aspects of life, including Biometric IDs for all citizens.

Comment: The London 2012 Olympics is turning out to be a wonderful opportunity for ramping up the anxiety levels of the masses without the PTB even needing to resort to any 'fun and games' to further their agendas. The article conclusion is reasonable:
As with other such documents such as those released by RAND and the MoD in the UK, these predictive papers are a window into the think-tanks who help shape world events. Where the documents are always portrayed as simple predictions, it is important to realize that many such papers have been eerily accurate in the past and thus must be considered when such events unfold in the near future.
The document is freely available from the Rockefeller Foundation Website


Propaganda

Down the Memory Hole: Obama Tries to Reverse the Vietnam Verdict

map of vietnam
© Unknown
The Pentagon has just launched a multi-year national public relations campaign to justify, glorify and honor Washington's catastrophic, aggressive and losing war against Vietnam - America's most controversial and unpopular military conflict.

President Barack Obama opened the militarist event, which was overwhelmingly approved by Congress four years ago, during a speech at the Vietnam Wall on Memorial Day, May 28. The entire campaign, which will consist of tens of thousands of events over the next 13 years, is ostensibly intended to "finally honor" the U.S. troops who fought in Vietnam. The last troops were evacuated nearly 40 years ago.

In reality, the unprecedented project - titled the Vietnam War Commemoration - will utilize the "pro-veteran" extravaganza to accomplish two additional and more long lasting goals:
  • The first is to legitimize and intensify a renewed warrior spirit within America as the Pentagon emerges from two counter-productive, ruinously expensive and stalemated unjust wars in Iraq and Afghanistan, and prepares for further military adventures in Asia, the Middle East and Africa. Within days of Obama's speech, for instance, Defense Secretary Leon E. Panetta announced a big increase of U.S. Navy forces in the Pacific, a move obviously targeting China. At the same time the Obama Administration's drone wars are accelerating as the Oval Office's kill list expands, and the president engages in cyber sabotage against Iran.
  • The second is to dilute the memory of historic public opposition to the Vietnam war by putting forward the Pentagon's censored account of the conflict in public meetings, parades and educational sessions set to take place across the nation through 2025. These flag-waving, hyper-patriotic occasions will feature veterans, active duty military members, government officials, local politicians, teachers and business leaders who will combine forces to praise those who fought in Vietnam and those on the home front who supported the war. There won't be much - if any - attention focused on the majority of Americans who opposed this imperialist adventure, except as a footnote describing how tolerant U.S. democracy is toward dissent.
The principal theme of the president's address was that American troops have not received sufficient laurels for their efforts to violently prevent the reunification of North and South Vietnam. He did not point out that there would have been no war had the United States permitted nationwide free elections to take place in Vietnam in 1956 as specified by the 1954 Geneva Agreement ending the French colonialism in Indochina. Washington recently decided that the war "officially" began in 1962 (although U.S. involvement dates back to the 1950s), allowing the commemoration to begin during the "50th anniversary" year.