Welcome to Sott.net
Sat, 27 Nov 2021
The World for People who Think

Sherlock

Perception Management and the Economic Spider's Web

Summary: A battle for global economic hegemony is under way. The banking bailouts have moved from the original US proposal of simply buying bad assets to substantial recapitalisation and even nationalisation of banks that just months ago were considered strong and healthy. Bank deposits are rapidly being guaranteed around the world and government guarantees for short and medium term bank debt are freely available. Just who is running these bailouts, and for who's benefit?

Behind much of the apparent debacle lie derivatives and structured assets so, as Tuesday October 21st saw the settlement of many of these instruments effected by the Lehman bankruptcy, we take a look at Credit Default Swaps and some of the myths behind them.

Fundamental changes are being affected to the way banks are required to account for their assets with the hasty dropping or limiting of "mark-to-market" or fair value accounting - what is behind these changes and who benefits?

**************************
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson 3rd president of the US (1743-1826), Letter to the Secretary of the Treasury Albert Gallatin (1802)

Thomas Jefferson was right; he was right when in 1863/64 US agricultural loans were called in at the behest of the Rothschild bankers in London, he was right in the panic of 1906, he was right in the agricultural crisis of 1920/21, he was right in the Crash of 1929 and the Great Depression of the early 1930's and he's right today. However, not even he could foresee that it is not just the people of the US that are slaves to private banking interests but all the peoples of the world.

Coffee

SOTT Editors Discuss 9/11 On UK Television

SOTT Editors Simon Davies and Joe Quinn appeared on UK-based TV show On The Edge on Thursday 9th October 2008.

Watch the 1 hour show (streaming video) below:


Comment: Towards the end of the interview, 9/11 film In Plane Sight director, William Lewis states that a few of the military personnel who were controlling planes as part of the military exercises that took place on 9/11 unwittingly flew Flight 11 and Flight 175 into the WTC North and South towers believing they were flying simulators. Lewis claims that the children of these individuals have been kidnapped to "silence them". While somewhat sensational, we at Sott.net are reluctant to believe this claim for several reasons. A discussion of this question is ongoing on our forum at this link


MIB

Penn Guinn meets Penn-Dragon in the heart of the Evil Empire

SOTT can exclusively report that the legendary and elusive Penn Guinn was recently spotted in the heart of darkness that is England. Our UK correspondent caught up with him and he was gracious enough to tell us about his experience.

Image
© sott.net

Life Preserver

Wonderland Economics: Bailouts balloon, markets crash, the dollar strengthens and gold does nothing

Summary: In a week defined by unprecedented government bailouts and collapsing stock markets all financial logic flew out of the window as the US dollar strengthened and gold hardly budged leading many to speculate as to the extent of the rigging of the global gold market in the face of its purported safe haven status.

The announcement, Monday 13th October, that the British government is to take substantial stakes in 2 major UK banks, HBOS and Royal Bank of Scotland and the proposal in the US that the Fed is to take similar stakes in US banks while providing guarantees of bank's senior debt, caused the markets to rally. This despite the fact that it should be clear to anybody that the US is going way beyond bailing banks out and is in fact transferring the future wealth, in the form of future labour and taxation, of ordinary American's into the hands of a tiny financial elite.

Additionally, following the G7 meeting at the weekend it was announced that central banks around the world would provide unlimited US dollar funding to the markets in order to ensure sufficient liquidity is available at all times.

Amid this turmoil the auction of Lehman Brothers bonds at just 8.825 cents on the dollar, resulting in Credit Default Swap payout this coming week of 91.375 cents on the dollar by all sellers of Lehman CDS's, a devastating payout for the sellers, passed almost silently.

Alarm Clock

Mossad's "Islamic Militants" Exposed In Yemen

The arrest in Yemen this week of a group of "Islamist militants" has provided more evidence that the Israeli government and its associated agencies are still hard at work fabricating "Islamic terrorism" for the enthrallment of the 'educated' masses back home and in the 'enlightened' West:
Yemen seizes 'Israel-linked' cell

Tuesday, 7 October 2008
BBC News

Yemeni President Ali Abdullah Saleh has said the security forces have arrested a group of alleged Islamist militants linked to Israeli intelligence.

Mr Saleh did not say what evidence had been found to show the group's links with Israel, a regional enemy of Yemen.

The arrests were connected with an attack on the US embassy in Sanaa last month which killed at least 18 people, official sources were quoted saying.

Israel's foreign ministry has rejected the accusation as "totally ridiculous".

"A terrorist cell was arrested and will be referred to the judicial authorities for its links with the Israeli intelligence services," Mr Saleh told a gathering at al-Mukalla University in Hadramawt province.

"Details of the trial will be announced later. You will hear about what goes on in the proceedings," he added.

The 17 September attack was the second to target the US embassy since April. Militants detonated car bombs before firing rockets at the heavily fortified building.

Mr Saleh did not identify the suspects, but official sources were quoted saying it was same cell - led by a militant called Abu al-Ghaith al-Yamani - whose arrest was announced a week after the attack.

An Israeli foreign ministry spokesman said the Yemeni president's statement was without foundation.

"To believe that Israel would create Islamist cells in Yemen is really far-fetched. This is yet another victory for the proponents of conspiracy theories," Igal Palmor said in remarks reported by AFP.
Is it really "far fetched" to believe that Israel would fabricate Islamic terrorist attacks? After all, is it not true that Islamic terrorism is Israel's 'bread and butter', without which Israel would stand naked, for all the world to see, as the brutal occupier that it is? And is the same not true of the US and British governments?

Lest we forget the past, and the very recent past at that, below are a collection of mainstream news reports that leave us in little doubt that Israel (closely followed by the US and UK) has its fingers all over "Islamic terrorism" in the Middle East.

Bizarro Earth

Update: Clear and Present Danger

denver mural
© Cassiopaea.org
The one thing that's been proven is the absolute fear-mongering that's being used to drive us is false. I've seen members turn to each other and say if we don't pass this bill, we're going to have martial law in the United States. -- Rep. Brad Sherman, October 1, 2008
We've had a bad feeling these past several years, as those of you who have read these pages may know, that the Iraq disaster wasn't so much a resource grab or to encircle Iran and Russia, nor just to protect Israel, but something more sinister: training soldiers to be mindless killers so that when they're brought back home they would have no problem killing their fellow citizens when martial law is declared and the cow pies really hit the fan.

Wall Street

Signs Economic Commentary for 6 October 2008

Image
Summary: The big financial bailout plan finally passed in the U.S. Congress Friday over the strong objections of the public. Will the bailout prevent the coming depression? Probably not. Mortgage securities are only a part of the problem.

The bailout plan is more than just a giveaway to the rich as represented by the big banks (although it is that). It probably is a panicked attempt to forestall the real potential crisis: a collapse of the huge, unregulated hedge funds based on derivatives and Credit Default Swaps (CDS).


Cult

Connecting the Dots: Palin Ascends, Your Savings Plummet, The World Steps Into The Twilight Zone

The art of war
© Dwayne Booth
Sleepwalking into disaster, the human race appears to have crossed the point of no return in more than one area:

- The American people are playing with fire by supporting religious extremist and political dunce Sarah Palin - and they will get burned.

- In the process they may also burn a considerable portion of the rest of the world.

- Synchronously, the financial system gets the last, gentle push over the abyss; hungry and poor people will provide lots of excuses for fascism - some will even ask for it.

- The climate is acting up, as it usually does during this time of the year, but the Sun is not behaving according to expected cycles, and together with a few clues here and there, we wonder if something in the cosmic/geophysical system has not changed for good.

Book

Judaism and Christianity - Two Thousand Years of Lies

A few years ago, when my book The Secret History of the World was published, I rashly promised that volume 2 would soon be completed and ready for publication. After all, I pretty much knew what I wanted to zoom in on - the topic of Moses and the creation of Judaism - and I already had a good hypothesis and had tons of supplementary support material. I even had a title: The Horns of Moses (triple entendre!) It should be a piece of cake, I thought. And so, I sat down to write.

I had a pretty good flow going, Moses was coming to life on the computer screen, and then... well, then I started to have doubts. I knew that I knew a lot about Moses from the theological point of view and from the point of view of a lot of alternative research. I even knew a lot of what the scholars knew - the people who spend their lives studying and analyzing the Biblical texts. But I still felt uneasy. So, I went searching for more source materials and discovered that there was a whole lot more I needed to read before I could complete this project. That's pretty much what I have been doing for the past year or two: reading stuff that nobody except specialists ever reads, and collecting piles of data.

What has been shocking to discover is exactly how much IS known among the scholars that is not known by the general public. I suppose I shouldn't be surprised since I have discovered this to be true in other fields, but when the subject is the foundation of religion - stuff people believe in and stake their lives on and use to determine their actions in life - well, it's pretty bad.

Bell

Storm Warning! Dark Days Ahead!

Image
Today is the anniversary of the Beginning of the End.

It has been seven long, bloody years since our planet was set on a path of global conflict and self-destruction by a gang of psychopaths who thought it would be a good idea to take control of the world by staging a false flag attack on the U.S.A. a la Hitler and the Reichstag. Well over a million Iraqis and tens of thousands of young men from America and its "partners," both the coerced and the bought and paid for kind, are dead.

This cabal of rapacious gangsters have shocked, raped, pillaged and plundered the patrimony of America to the extent that U.S. citizens must now make choices between whether to eat or stay warm, assuming they have a roof over their head at all. The infrastructure of a once-proud nation has rotted away, both psychologically and physically. Today, the American government is a global pariah, and the American people are headed for the trash heap of history.

At the same time, the planet is facing challenges of another kind - climate change - that, even without global war, will take a devastating toll likely in terms of billions of humans and animals, not to mention the flora that underpins life in our world. Already millions are dead and more are dying due to "human caused" global suffering and lack of foresight in respect of the climate and our resources.

Meanwhile, the US presidential election farce is rolling merrily along even though we know that none of the pathological morons seeking the highest public office in the land have any intention of doing anything significant to change the trajectory of our unhappy civilization. I find it ironic that the US election process, long known by insiders to be a contest of "electability" based on appearance, now includes a bona-fide beauty queen. It was bad enough when an actor was elected to act as president...

But I digress.

Through it all, SOTT.net has worked day and night, from around the globe, to keep you - the reader - up to date on those things crucial not only to your awakening, but your very survival. Even before it all began, before SOTT was even thought to be a necessary venue for understanding what is going on here on the BBM, I was seeking the answers to just what is wrong with our world in other respects via years of research culminating in the Cassiopaean Experiment. That experiment led to the book "High Strangeness" which has recently been reviewed by Richard Dolan, author of UFOs and the National Security State: History of a Cover-up. His encouragement has been most welcome. It was in the context of the Cs material, which dovetailed so perfectly with Richard's hard, factual, documentary research, that the understanding of our current reality was framed, and that understanding has not only stood the test of time, it has been remarkably accurate time and time again.

But it hasn't been easy. It has cost us dearly in almost every imaginable way. And it continues. I am writing today because SOTT.net is in a state of emergency and not for the first time this year, either! We have definitely been experiencing stormy weather in more ways than one. Even though it is the time for our usual fund raiser which we hold twice a year to supplement book sales (SOTT will never go commercial!), SOTT again faces additional financial burdens that we hope our readers will share with us.