Monthly Archives: August 2012

Suicide of Deloitte partner Daniel Pirron linked to Standard Chartered’s Iran scandal

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“On August 6, Deloitte was accused by the New York Department of Financial Services of aiding Standard Chartered in its ‘deception’ over billions of dollars’ worth of trades involving Iran. Mr Pirron apparently took his own life seven days later.  Daniel Pirron was a detective for the Illinois Bureau of Investigation and the Securities and Exchange Commission in Chicago, before moving to work for Deloitte in 1990. Deloitte denied that Mr Pirron had any involvement in the Standard Chartered matter.”

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9484442/Suicide-of-Deloitte-partner-Daniel-Pirron-linked-to-Standard-Chartereds-Iran-scandal.html

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Bitcoin-based credit card reportedly due in two months

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“Bitcoin, the peer-to-peer currency that’s been gaining in popularity, appears to be getting ready to take the leap from the digital world to the real world.  Exchange service BitInstant is creating a Bitcoin-funded card that would function as a standard debit/credit card and would be honored where ever MasterCard is accepted. The card might launch within the next six to eight weeks.  The cards would be issued by a ‘major international bank’ with which BitInstant has partnered and funded at a rate of 1 percent, Shrem said. Transactions of less than $1,000 will be funded after the first confirmation.”

http://news.cnet.com/8301-1023_3-57497014-93/bitcoin-based-credit-card-reportedly-due-in-two-months/

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Welcome to the Free Lakota Bank

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“The Free Lakota Bank is the world’s only non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money: .999 fine silver. All of our demand deposits are liquid, meaning they can be withdrawn at any time in minted rounds.  In 2008, the Free Lakota Bank became the first bank to offer what has now come to be known as Commodity Banking. In this new banking system, value is stored in easy to monetize commodities as opposed to government-issued, controlled, inflated and deflated fiat currencies.”

https://www.freelakotabank.com/

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Bank of England deputy governor Paul Tucker warned banks they could collapse ‘before Christmas’

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“Paul Tucker, the deputy governor of the Bank of England, told an October meeting of the chief executives of Britain’s largest banks that there was a serious chance none of their businesses would survive to the end of the year.  The explicit warning given to the chief executives shows that officials feared a crisis even greater than that in the wake of the collapse of Lehman Brothers in September 2008. The meeting led directly to the creation of working groups at banks to gauge the potential for a full-scale collapse of the financial system.”

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9484419/Bank-of-England-deputy-governor-Paul-Tucker-warned-banks-they-could-collapse-before-Christmas.html

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Spanish bank deposits turn into a waking Iberian nightmare

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“Now that the Spanish economy has more or less stalled, the value of shares in many cases has plummeted. In Spain this applies to hundreds of thousands of account holders, whose money the banks have invested here and there.  Investments in stock have even been made without seeking permission from the account holders.  People have been under the impression that their capital is sitting there normally in a savings account.  Within the European Union, bank deposits are protected up to EUR 100,000. The deposit protection, however, does not cover losses if the money has been invested in stock.”

http://www.hs.fi/english/article/Bank+deposit+turns+into+a+waking+Iberian+nightmare+/1329104616323

 

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Russian Bear stops Finland leaving euro?

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“Finnish exit – or FIXIT, as they say in Helsinki – is certainly a plausible hypothesis. The Finns have no ensnaring duty to a mystical ‘Europe’. They did not join the EU until 1995, and only then with widespread dissent.  The Finns survived their own gruelling depression without foreign help when the Soviet Union collapsed. There is no doubt that Finland could go it alone. It is the last unsullied AAA state in the Euroland, with a public debt of just 51pc of GDP. More than two-thirds of Finnish exports go outside the euro bloc, chiefly to Russia, Sweden and the US. Finland lives in a different economic universe. You could not find a more likely candidate for euro exit.”

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9485917/Russian-Bear-stops-Finland-leaving-euro.html

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Lawsuit accuses Bayonne police officers of ‘savage’ attack

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“A Bayonne man who called 911 because his car was on fire charges in a lawsuit that he was pepper-sprayed, knocked out cold, and arrested by police for no reason. And Jason Rios says he has the videotape to prove it.  But a police report states that Rios acted in a ‘threatening manner’ and justifies the force officers used.  An officer turned to the person shooting the video and said, ‘Go inside with that camera,’ but the person continued to record the scene.”  [Never call the police.]

http://www.nj.com/jjournal-news/index.ssf/2012/08/bayonne_mans_lawsuit_claims_po.html

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Anthony Gregory: Do We Want a ‘Stop-and-Frisk’ Society?

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“If your chances of being robbed have declined, but your chances of being stopped, harassed, or even brutalized by police have risen, are you better off? If the number of people stopped, frisked, arrested, imprisoned, beaten, and shot by police has risen, can it really be said that communities are safer? Looking around our society, we see frightening trends: The militarization of police, officers disciplining children violently, family pets summarily shot in mistaken midnight raids, a hundred SWAT-style home invasions a day, and the largest per capita prison population on earth.”

http://www.independent.org/newsroom/article.asp?id=3403

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The Security State: An Ever Bigger and Dumber Dinosaur

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“If this ‘Enemy of the State’ monstrosity is good for anything at all, it’s keeping track of people the regime already knows it doesn’t like for political reasons. Imagine A. Mitchell Palmer with a facial recognition database of IWW and Socialist Party members, and you get the idea. ‘Eugene Debs spotted at the A&P — dispatch paddy wagon immediately!’ But even for this application, the actual implementation would probably be more like Information Retrieval in ‘Brazil.’ Some database error would result in Eugene Bebs being arrested instead.”

http://c4ss.org/content/12003

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It’s Official: Facebook Is the Department of PreCrime

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“I expect further facts to emerge about Brandon and what has been done to him, and I expect to see some creative statist media spin. Regardless of whatever facts emerge, I suspect that high law enforcers will get the talking heads to reassure the public that this was done to keep them safe. The obedient onlookers will be given a reason to ignore the story.   The point I want you to get is that Facebook is the Department of PreCrime. Everything you do there (or your friends, family or co-workers do there) is monitored and may be taken as a valid reason for armed men to grab you and lock you up.”

http://www.lewrockwell.com/orig11/rosenberg-p7.1.1.html

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