Friday, May 18, 2012

Smoky Mountains National Park - A UN "World Heritage" and "Biosphere Reserve". My research into those meanings and UN - U.S. National Parks.

I live in East Tennessee.  I recently took a friend of mine who was visiting me up to the Smoky Mountains National Park. 

I love going up into the mountains and have gone many times needless to say.  We camp up there often at the Elkmont campgrounds inside the park.  Which as a side note has one of the only two places in the world where the fireflies are synchronized during their peak time,  the first week of June.  The fireflies blink at exactly the same time in the Elkmont campground - Millionaires Row area.

Another side note - The Smoky Mountains are considered one of the oldest mountain ranges in the world.  They are 200 to 300 Million years old.
The Great Smoky Mountains are among the oldest mountains in the world, formed perhaps 200-300 million years ago. They are unique in their northeast to southwest orientation, which allowed species to migrate along their slopes during climatic changes such as the last ice age, 10,000 years ago. In fact, the glaciers of the last ice age affected the Smoky Mountains without invading them. During that time, glaciers scoured much of North America but did not quite reach as far south as the Smokies. Consequently, these mountains became a refuge for many species of plants and animals that were disrupted from their northern homes. The Smokies have been relatively undisturbed by glaciers or ocean inundation for over a million years, allowing species eons to diversify.

We got up to Newfound Gap where the Tennessee and North Carolina State line divides the park, which I have gone to multiple times.  We walked down the viewing walkway away from the main area that people congregate at.  When we got to steps that go back up to the parking spaces, there were two plaques on either side of the steps, attached to the stone walls. somewhat obscured.  I stopped to read them for the first time ever.  I was surprised at what I read and took pictures of the plaques to research the information on the internet and find out what exactly the plaques meanings were.

Here are the pictures I took and what the plaques say:




I thought "What the Hell is a UN World Heritage site?"  The way it read to me is that the Smoky Mountains are not actually a National Park of the United States and thus the People of the United States are not the owners, but is controlled by the United Nations.

Did our U.S. government give up our national park to the UN in 1983?

I am sure the average person who reads the plaques think "Oh, how awesome these mountains are considered 'World owned mountains and are protected through the UN.'

But for those of us who know about the UN Agenda 21, we know that it means the U.S gives up Sovereignty to the UN to become a "One World Government and control of land and resources."



Needless to say the above plaques disturbed me and I wanted to know exactly what their meanings were.

I have now done the research and have found the U.S. government has given the UN control of most of our National Parks, including the Grand Canyon, Yosemite, Yellowstone, Redwood Forest, Mammoth Caves, Statue of Liberty, Olympic National Park, the Everglades, the list goes on.  Here is the map of the 21 sites that the U.S. has allowed the UN to have as "World Heritage" sites.


Here is the list of the 21 sites in the United States:

Properties inscribed on the World Heritage List (21)

Cultural
Natural
Mixed

Now, here is the map of All the UN "World Heritage" Sites throughout the world.  There are 936 of them.





I began doing lots of searches for exactly what the meaning of "World Heritage and Biosphere" meant.

Here are a few of the sites I found and what they say about it:

http://whc.unesco.org/en/faq

The World Heritage List


Who owns a site once it’s inscribed on the World Heritage List?

The site is the property of the country on whose territory it is located, but it is considered in the interest of the international community to protect the site for future generations. Its protection and preservation becomes a concern of the international World Heritage community as a whole.

The World Heritage Committee, a group of 21 representatives from countries who have agreed to abide by the convention, decides which sites of "outstanding universal value" qualify for World Heritage status. UNESCO, or the United Nations Educational, Scientific and Cultural Organization, adopted the World Heritage designation in 1972 after it was uncertain if some of the world's landmarks would survive into the future.

http://www.unesco.org/en/education-for-sustainable-development/themes/environment/

http://www.unesco.org/new/en/natural-sciences/environment/ecological-sciences/biosphere-reserves/

http://www.georgewright.org/mab

On the other hand, many concerns about how biosphere reserves operate in the U.S. are factually based, reasonable, and put forth in good faith. This category of objections includes legitimate concerns about national sovereignty, the status of private property within biosphere reserves, the amount of control the United Nations has over the management of land included within biosphere reserves, and the effect that biosphere reserves might have on the economy of nearby communities.
The fundamental point is that UNESCO, the MAB Council, the MAB National Committees, or any other part of the United Nations have no power to force changes in land/resource management or ownership upon governments, public agencies, or private parties in the United States (or any other country, for that matter). Through the MAB Council, UNESCO does set standards for biosphere reserves, and through periodic reviews it assesses whether the standards are being promoted. If they aren’t, the Council encourages the reserve manager to make the changes necessary to do so, but cannot force any changes. The United States' participation in the biosphere reserve progam is entirely voluntary, and land within U.S. biosphere reserves remains under the control of its owners.


What does "biosphere" mean? 

The word "biosphere" refers to the three regions of the Earth capable of being occupied by living organisms: (1) the surface of the Earth (land, oceans, lakes, rivers, and other waters); (2) close-lying subsurface areas occupied by plants and animals (including microorganisms), and (3) the low-altitude atmosphere where birds, insects, other flying animals, and plants can live. If you imagine a cross-section of the Earth in space, a side view of the planet as if it were cut in half from top to bottom, the biosphere would be a very thin slice of the total picture — no more than the "skin" of the Earth along with the area just above and below it. The word "biosphere" therefore conveys a special quality of rarity and value, and of life's inherent fragility.

MAB was launched in 1970, and was formally endorsed by U.N. Member States at the U.N. Conference on the Environment (the first "Earth Summit") in 1972. The original aim of MAB was to establish protected areas representing the main ecosystems of the planet in which genetic resources could be protected and research and monitoring could be carried out. These protected areas were to be called "biosphere reserves" in reference to the MAB program's name.


Like all scientific programs, MAB has been refined over the years but still is committed to its original aims. Today, MAB is a set of related scientific research projects with three focuses:

  • Minimizing the loss of biological diversity;
  • Making people aware of how cultural diversity and biological diversity affect each other; and
  • Promoting environmental sustainability through the World Network of Biosphere Reserves.
What's a biosphere reserve?
A biosphere reserve is a unique kind of protected area that differs from a national park, wilderness area, national forest, or wildlife refuge in several important ways.

  • Biosphere reserves have three very different, but equal, aims: conservation of genetic resources, species, and ecosystems; scientific research and monitoring; and promoting sustainable development in communities of the surrounding region. All three of these aims are equally important in a biosphere reserve. (National parks and other kinds of protected natural areas usually are primarily concerned with conservation, and only secondarily with research and sustainable development.)

Under what legal authority are biosphere reserves created?

Biosphere reserves are not the object of a binding international agreement or treaty. Instead, they are governed by a "soft law" — the Statutory Framework for Biosphere Reserves — adopted by the UNESCO General Conference. The participation of U.N. Member States in the UNESCO General Conference is the point of national oversight on the MAB Program. It is the responsibility of each country, through its MAB National Committee, to ensure that the biosphere reserves respond to the criteria and function properly.

In most countries it is not been found necessary to enact special national legislation for biosphere reserves; instead, existing legal frameworks for nature protection and land/water management are used. That being said, today an increasing number of countries are passing national biosphere reserve legislation in order to make their legal status perfectly clear.

MAB and the United States

The U.S.'s role in MAB

The U.S. MAB Program is a voluntary, interagency effort which operates within the existing authorities of the participating agencies. Established in 1974, U.S. MAB is operates under a National Committee. Currently, that Committee is dormant.

U.S. MAB' s mission statement is as follows:

The mission of the United States MAB Program is to explore, demonstrate, promote, and encourage harmonious relationships between people and their environments building on the MAB network of Biosphere Reserves and interdisciplinary research. The long-term goal of the U.S. MAB Program is to contribute to achieving a sustainable society early in the 21st Century. The MAB mission and long term goal will be implemented, in the United States and internationally, through public-private partnerships and linkages that sponsor and promote cooperative interdisciplinary research, experimentation, education and information exchange on options by which societies can achieve sustainability.

**So, I read all the above and thought "It is saying two different things."  First it says the sites are still the sovereign nations of where they are located.  Then it says they are controlled and made sure to be kept under the strict guidelines of the UN.   So.... Which is it?

I found this article about what has occurred in the past and the article does say the sites are given up by the countries where they are located.

Portions of article:

UN’s World Heritage Sites Infringe on US National Sovereignty

 

As a result of a UN treaty called “The Convention Concerning Protection of the World Cultural and Natural Heritage,” these sites come under the jurisdiction of the United Nations’ Educational, Scientific and Cultural Organization (UNESCO). Such designations have been the source of major debate as to whether the UN has infringed on sovereign American territory.

However, the debate may be about to rage even hotter. Because Interior Secretary Dirk Kempthorne has just announced his selections of 14 more sites to be considered for nomination by UNESCO as World Heritage Sites.
Today, of the original 22 UN Heritage Sites that are located on American soil, fully 68 percent of American national parks, preserves and monuments are included in the UN designations.


Proponents of the UN Heritage Sites say such designations are nothing more than a great “honor” to the nation. They assure us that there is no threat to American sovereignty and that all designated sites remain firmly under control of the United States government.

If true, then the question must be asked, why is an international treaty with the United Nations necessary? The United States has already designated most of the UN Heritage Sites as United States parks or preserved historic sites. The land is already being preserved and protected for AMERICAN heritage purposes. These lands are valuable for their historical significance to this nation. REPEAT: WHY DO WE NEED AN INTERNATIONAL TREATY TO DO WHAT THE UNITED STATES HAS ALREADY DONE FOR ITSELF?

WHO OWNS WORLD HERITAGE SITES?

It is true that you will not find any UN documents clearly stating that the world body controls or owns American soil through the World Heritage Site Treaty. It is also true that you will not find blue-helmeted UN soldiers standing guard over any of the sites.

To fully understand the threat to American sovereignty posed by the UN designation of World Heritage Sites, one must first link this program to a series of other treaties and policies, and how they impact American sovereignty. Above all, one must understand that many in our government see such programs as another tool to build massive federal land-control programs.

There is strong evidence of close collaboration between the U.S. Park Service and the UNESCO World Heritage Site Committee. There is also strong evidence that the designation of UN World Heritage Sites goes hand in hand with the Administration’s Sustainable Development program. That program is nothing less than a massive federal zoning program that dictates property development on the local level, in the name of protecting the environment. The goal of Sustainable Development is to lock up vast areas of American land, and shield it from private use.

The designation of United Nations’ World Heritage Sites and Biosphere Reserves can and does result in the centralization of policy-making authority at the federal level, particularly by the Executive Branch. Once a UN designation is made and accepted by the Federal Government there is literally no opportunity for private American land owners to dispute it or undo the designation.

Private property rights literally disappear, not only in the officially designated area, but worse, in buffer zones OUTSIDE the designated area. Not only has the federal government been using these treaties and agreements to limit access to, and use of these lands to all Americans, but they also have used the UN designations to limit use of private property OUTSIDE the boundaries of the site.

That is exactly what happened outside of Yellowstone National Park (a World Heritage Site) when UNESCO delegates were called in by the Park Service in an attempt to stop the development of a gold mine - located OUTSIDE the park. The UNESCO delegates declared Yellowstone to be the first “endangered” World Heritage Site and called for a protective buffer zone of 150-MILES IN DIAMETER AROUND THE ENTIRE PARK. The buffer zone would stop development and access to millions of acres of private property. Such is the purpose of the World Heritage Sites.

Moreover, in becoming party to these international land-use designations through Executive Branch action, the United States is indirectly agreeing to terms of international treaties, such as the Biodiversity Treaty - a UN treaty that has never been ratified by the United States Senate.

Nevertheless, in 1994, the U.S. State Department published the “Strategic Plan for the U.S. Biosphere Reserve Program.” Taken straight from the unratified Biodiversity Treaty, the State Department program is to “create a national network of biosphere reserves that represents the biogeographical diversity of the United States and fulfills the internationally established roles and functions of biosphere reserves.”

A chief tactic used by the UN and the Federal Government when designating a biosphere reserve or a World Heritage Site is to rarely involve or consult with the public and local governments. In fact, UNESCO policy actually discourages an open nomination for World Heritage Sites. The “Operational Guidelines for the Implementations of the World Heritage Convention” states:

“In all cases, as to maintain the objectivity of the evaluation process and to avoid possible embarrassment to those concerned, State (national) parties should refrain from giving undue publicity to the fact that a property has been nominated inscription pending the final decision of the Committee of the nomination in question. Participation of the local people in the nomination process is essential to make them feel a shared responsibility with the State party in the maintenance of the site, but should not prejudice future decision-making by the committee.”

In other words, the nominating committee is to hide the fact that a massive land grab is about to take place. Then, at the appropriate moment, the committee is to involve some local yokels to make them think they have something to say about the grab, then send them away, so that the committee can move ahead, unhindered. They aren’t suppose to worry about the fact that private landowners have just lost control of their property.

This is not the way the U.S. Constitution says things should be done. This is how despots at the United Nations run things. The Administration is allowing them to do it for the sake of more Federal power.

By allowing these international land use designations, the United States promises to protect the sites and REGULATE surrounding lands if necessary to protect the UN-designated area. Honoring these agreements forces the Federal Government to PROHIBIT or limit some uses of private lands outside the international designated area UNLESS OUR COUNTRY WANTS TO BREAK A PLEDGE TO OTHER NATIONS.

In a nutshell, here is the real game being played. Through such policies, the Federal Government is binding our nation to international treaties and agreements that stipulate that the United States will manage these lands in a prescribed manner in order to achieve certain international goals and objectives. In other words, we have agreed to limit our right of sovereignty over these lands.

That is why it is charged that World Heritage Sites are an infringement on United States sovereignty. You won’t find the smoking gun by reading the treaties. It can only be found in understanding the “intent” and the “implementation” of the policies.

 

So someone else obviously researched What a World Heritage site means previously.  They found and came to the same conclusion I did after my research.  Even though the U.S. government and the UN says it is an 'Honor' to have a "World Heritage" site and it stays under the control of the country it is in.  That is not true, once you read the "fine print" of it all.  The facts are our National Parks are not really OURS, they are the United Nations and World National Parks.  The United Nations actually has the full Control over the parks.  They have in fact stepped in when places have become 'at risk' 
 
So, when you go to our gorgeous "National" Parks, you will now know they are not really National Parks but are UN controlled "World" Parks. 
___________________________________________________
Edit to add 3/5/13 - I have found more documents regarding the UN control of our National Parks and how they do control them.

documents about the Smoky Mountains and their decisions. 

An updated page from the UN site about the mountains - they state the mountain area is of world importance.

Great Smoky Mountains National Park is of world importance as the outstanding example of the diverse Arcto-Tertiary geoflora era, providing an indication of what the late Pleistocene flora looked like before recent human impacts.

Update 3/6/13 - A Technical Review of UN World Heritage Sites
The below are just a few paragraphs from the link.  I advice reading the whole thing, as it mentions various National Parks in the review.

Portions:

The World Heritage Convention was signed by the United States and adopted by the General Conference of the United Nations Environmental, Scientific and Cultural Organization on November 16, 1972. The purpose of the convention is to establish "an effective system of collective protection of the cultural and natural heritage of outstanding universal value" currently referred to as "global commons." In 1995 there were 469 cultural and natural sites designated in 105 countries around the world, of which 20 are found in the United States.

 UNESCO then goes on to say, "The Convention thus assumes and affirms the existence of a World Heritage which belongs to all mankind" or global commons.

Whilst fully respecting the sovereignty of the State [nation]...State Parties to this Convention recognize that such heritage constitutes a world heritage for whose protection it is the duty of the international community as a whole to cooperate."

The procedures for listing of cultural and natural properties begin at Paragraph 17 of the UNESCO Operational Guidelines for Implementing the World Heritage Convention. Procedures for cultural sites are specifically found starting at Paragraph 23, while those dealing with natural heritage sites begin at Paragraph 43. In relationship to the nomination of a site for listing, Paragraph 14 of the guidelines states that areas are to be nominated without "undue publicity" and with the participation of local people, only so far as they don't "prejudice future decision-making by the Committee."

The question of how far the World Heritage Committee can extend its authority is still unanswered, but it is certain that this question will move into the national and international court systems in the near future.

Thursday, May 17, 2012

Goldman Sachs Accidently Releases Damning Information of Illegal Naked Short Sales, Last Week! - JPM was/is the distraction from this info



Matt Taibbi is about the best reporter there is.  He is an investigative reporter of the financial world and does one hell of a job!  He has been on top of the mortgage MERS Fraudclosure for a couple of years now.

He has an article out about Goldman Sach's and how one of their lawyers accidentally filed  very private  inside information with the court for a lawsuit in defense, last week.  The papers he filed was information that Goldman Sachs has always worked to keep out of the public eye.

The paper proves that Goldman Sachs does naked short selling.  They will sell and short stocks they don't even have nor are able to get.  In other words, just like the fractional reserve banking of creating money out of thin air with key strokes.  Goldman Sachs pretended to own or had in their hands, stocks which they didn't have.  They would short the stocks and do trades on non-existent stocks.  They also did this to affect the stock price on the market.   So they could make some stocks Fail.  They even use that word in the documents accidentally released. 

Now, I have a question for the FBI, SEC and all government agencies...... IF a person sold and got millions/billions by pretending to have something for sale and they did not - is that not embezzlement and fraud?  Would you not lock that person up for a felony for the rest of their lives?

How come Wall Street can Lie, commit absolute obvious Fraud, trade on things they pretend they have but don't?   How come they never have to pay or go to jail for what is in fact Stealing?   What is worse about Wall Street is that they can cause a company to go down and fail.  They cause people who have money in retirement funds to lose money over their lies and fraud!

The government has got to do something about this!  Wall Street can not be allowed to commit Fraud over and over again upon the world!  There can not be one law for the people and no law for Wall Street and the Banks!  Enough is Enough!

One other thing.  I had written that something was just not right about the whole JP Morgan info coming out on a Thursday besides other things that bothered me about it.  I have been on the look out for what was bigger than JP Morgan.  Now,  the JP Morgan info being the talk of MSM, the distraction that was created so MSM already has their story and can ignore this?

 ** Notice the article says "Last Week" the papers were filed accidentally - that is why JPM came out as they did.  They wanted MSM to highlight JPM and NOT the illegal activities of Wall Street being revealed! In my opinion.

Important portions From article:

It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public.

The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery process of an ultimately unsuccessful lawsuit filed by Overstock against the banks.

Now, however, through the magic of this unredacted document, the public will be able to see for itself what the banks’ attitudes are not just toward the “mythical” practice of naked short selling (hint: they volubly confess to the activity, in writing), but toward regulations and laws in general.

“Fuck the compliance area – procedures, schmecedures,” chirps Peter Melz, former president of Merrill Lynch Professional Clearing Corp. (a.k.a. Merrill Pro), when a subordinate worries about the company failing to comply with the rules governing short sales.

We also find out here how Wall Street professionals manipulated public opinion by buying off and/or intimidating experts in their respective fields. In one email made public in this document, a lobbyist for SIFMA, the Securities Industry and Financial Markets Association, tells a Goldman executive how to engage an expert who otherwise would go work for “our more powerful enemies,” i.e. would work with Overstock on the company’s lawsuit.

A quick primer on what naked short selling is. First of all, short selling, which is a completely legal and often beneficial activity, is when an investor bets that the value of a stock will decline. You do this by first borrowing and then selling the stock at its current price, then returning the stock to your original lender after the price has gone down. You then earn a profit on the difference between the original price and the new, lower price.

What matters here is the technical issue of how you borrow the stock. Typically, if you’re a hedge fund and you want to short a company, you go to some big-shot investment bank like Goldman or Morgan Stanley and place the order. They then go out into the world, find the shares of the stock you want to short, borrow them for you, then physically settle the trade later.


Thus in this document we have another former Merrill Pro president, Thomas Tranfaglia, saying in a 2005 email: “We are NOT borrowing negatives… I have made that clear from the beginning. Why would we want to borrow them? We want to fail them.”

Trafaglia, in other words, didn’t want to bother paying the high cost of borrowing “negative rebate” stocks. Instead, he preferred to just sell stock he didn’t actually possess. That is what is meant by, “We want to fail them.” Trafaglia was talking about creating “fails” or “failed trades,” which is what happens when you don’t actually locate and borrow the stock within the time the law allows for trades to be settled.

If this sounds complicated, just focus on this: naked short selling, in essence, is selling stock you do not have. If you don’t have to actually locate and borrow stock before you short it, you’re creating an artificial supply of stock shares.

Goldman clearly knew there was a discrepancy between what it was telling regulators, and what it was actually doing. “We have to be careful not to link locates to fails [because] we have told the regulators we can’t,” one executive is quoted as saying, in the document.

The import of this is that it made it cheaper and easier to bet down the value of a stock, while simultaneously devaluing the same stock by adding fake supply. This makes it easier to make money by destroying value, and is another example of how the over-financialization of the economy makes real, job-creating growth more difficult.

In any case, this document all by itself shows numerous executives from companies like Goldman Sachs Execution and Clearing (GSEC) and Merrill Pro talking about a conscious strategy of “failing” trades – in other words, not bothering to locate, borrow, and deliver stock within the time alotted for legal settlement. For instance, in one email, GSEC tells a client, Wolverine Trading, “We will let you fail.”

 Hey - U.S. Government...... Are you going to continue to let Wall Street get away with Complete Fraud?



It seems this information could fit that criteria, for JP Morgan being a distraction.  It proves the Lawlessness and absolute illegal activities of Wall Street.   

Funny how MSM released that the FBI is investigating the JPM losses.  But nothing about the illegal naked shorts of Wall Street, besides MF Global stealing of people's money.  Seems no government agency investigates real fraud of Wall Street, only things that they can drop later without charges. 

Tuesday, May 15, 2012

Germany's Gold - A Conflict between the Central Bank and members of the Parliament for Repatriating it's reserves from NY Fed/London and France.



In March I wrote about Germany and Switzerland wanting their gold back.   The people had begun questioning their Central Bank's decision of keeping their gold reserves outside the countries.  The people want their gold back within the borders of their country.

Chavez repatriated his country's gold and India has joined the crowd in the people wanting their gold back in the country.  A lawsuit was filed in India for that to happen. 

GATA has an updated article about Germany and their gold.

It seems there is a conflict/disagreement happening between the Central Bank of Germany (Bundesbank) and members of the Parliament and members of Germany's Federal Audit office (the Bundesrechnungshof) about Germany's gold.

It seems Germany's gold has not been fully accounted for in at least five years.

Now, members of the Parliament are standing up saying "They want the people's gold, back in the country."  They also are out right saying "They don't think it is there any more either."  It seems they think the Federal Reserve and London may have sold their gold.

The Central Bank of Germany is saying "We are not to question another Central Bank of the World.  If the Federal Reserve says the gold is there, then it is"

You have to laugh over that, considering all the Central Banks are controlled by the same people.  That is why they all stand by each other.  Those at the Central Banks will steal all the gold etc from the countries of the world, because ultimately they are stealing from the people of that country, not themselves.  Considering gold being held by Central banks is actually the people's gold and not the bankers gold.  

From the GATA link:

Germany has gold reserves of just under 3,400 tons, the second-largest reserves in the world after the United States. Much of that is in the safekeeping of central banks outside Germany, especially in the US Federal Reserve in New York. One would think that with such a valuable stash, worth around E133 billion ($170 billion), the German government would want to keep a close eye on its whereabouts. But now a bizarre dispute has broken out between German institutions over how closely the reserves should be checked.

Germany's federal audit office, the Bundesrechnungshof, which monitors the German government's financial management, is unhappy with how Germany's central bank, the Bundesbank, keeps tabs on its gold. According to media reports, the auditors are dissatisfied with the fact that gold reserves in Frankfurt are more closely monitored than those held abroad.

In Germany, spot checks are carried out to make sure that the gold bars are in the right place. But for the German gold that is stored on the Bundesbank's behalf by the US Federal Reserve in New York, the Bank of England in London, and the Banque de France in France, the German central bank relies on the assurances of its foreign counterparts that the gold is where it should be. The three foreign central banks give the Bundesbank annual statements confirming the size of the reserves, but the Germans do not usually carry out physical inspections of the bars.

... 'No Doubts' According to German media reports, the Bundesrechnungshof has now recommended in its confidential annual audit of the Bundesbank for 2011 that Germany's central bank check its foreign gold reserves with yearly spot checks.

The Bundesbank has rejected the demand, arguing that central banks do not usually check each others' reserves. "The scope of the checks that the Bundesrechnungshof wants does not correspond to the usual practices among central banks," the Bundesbank said in a statement quoted by the Frankfurter Allgemeine Zeitung newspaper. "There are no doubts about the integrity and the reputation of these foreign depositories."

Now the finance committee of the German parliament, the Bundestag, has gotten involved. Parliamentarians apparently demanded to see the Bundesrechnungshof's audit report on the Bundesbank after they were alarmed by a report in the influential tabloid daily Bild, which claimed that the central bank had not checked its gold reserves in five years. The Bundesrechnungshof will now provide the committee with its report, a spokesman for the federal auditors confirmed on Monday.

Germany moved some of its gold reserves abroad during the Cold War to protect them from a possible Soviet attack. Some of the gold was moved back to Frankfurt after the collapse of communism. But the Bundesbank argues that it still makes sense to store some gold in major financial centers so that it can be sold quickly if necessary. Although the Bundesbank does not provide exact details about the distribution, it has revealed that the largest share of Germany's gold is held in New York, followed by Frankfurt, London, and Paris.

... Skeptical about the Reserves

In times of uncertainty about the future of Europe's common currency, gold is a hot topic, and some Germans take a dim view of the fact that much of the country's gold -- which theoretically belongs to the people -- is held abroad. Some members of parliament have even expressed doubts as to whether the foreign gold reserves really exist.

Philipp Missfelder, a member of the conservative Christian Democratic Union (CDU), wanted to see the gold for himself and traveled to New York in person to inspect the holdings, according to the newspaper Frankfurter Rundschau. His trip was apparently unsuccessful, though. When he visited the Fed's safes in New York, staff were either unable or unwilling to show him exactly which bars belonged to Germany.

Peter Gauweiler, a Bundestag member with the CDU's Bavarian sister party, the Christian Social Union (CSU), is also skeptical about the foreign gold reserves. In recent years he has attempted to gain more information about Germany's gold through parliamentary questions. Last year he had an economics professor prepare an expert report on the subject, which concluded that the Bundesbank was not fulfilling its inventory regulations by failing to physically inspect the gold.

In July 2011, Spiegel reported that Bundesbank employees had physically seen the gold in New York within the previous six months. However, the last time it had been checked before that was in June 2007.

Gauweiler doubts that the Bundesbank would have immediate access to all its gold if necessary, suggesting that part of the gold may have even been lent out -- a claim that the Bundesbank rejects.

... Bringing Gold Back Home


The initiative alleges that there is an "acute" danger that the German gold could be expropriated as a result of the financial and debt crisis. They argue that the German government could soon be forced to sell gold to cover the costs of the crisis.

But the Bundesbank wants to leave the gold where it is. Observers point out that apart from the high cost of transporting the gold back to Frankfurt, the symbolic effect of Germany repatriating its gold reserves might unsettle the nervous financial markets, which could see it as a sign of an impending collapse of the euro.


FBI investigating JP Morgan's 2 Billion Loss. But MF Global stealing of people's money - No investigation.



Let's see FBI is opening an investigation into JPM loss of 2 billion. BUT they let MF Global get away scot free with STEALING almost 2 billion from their customers and gave it to JPM.

Please explain this rationale to me, especially since the CFTC has sat on their Asses and know all the B.S. bets that JPM does already and all the manipulation of the markets.

So What is REALLY going on here?

I seriously don't understand this, because of MF Global being allowed to steal and they have said not one charge will be made against Corzine etc. 

So.... Who is now actually pissed off and trying to screw who? 

Am I going too far down the hole with these thoughts, Also - the media was and still is SILENT about MF Global and most people still don't even know about it - but they are ALL OVER JPM.  
Also the JPM info was released on a Thursday, instead of the normal of bad financial news being released on a Friday after markets close. 

Just something ODD about all of this to me..... 

someone needs to explain this to me .....
From above link:
The FBI in New York has opened an inquiry into JP Morgan Chase's $2 billion loss, NBC 4 New York has learned.
People familiar with the matter tell NBC 4 New York that the inquiry is not a criminal investigation. The FBI is taking a preliminary look at the incident.
JPMorgan Chase CEO Jamie Dimon disclosed last week that the bank had lost the $2 billion by making a bad bet with so-called credit derivatives.

FYI - I am not a fan of JP Morgan and I don't think those losses could have happened to a better bank (except for Goldman Sachs) and their manipulation of Silver is beyond ridiculous and obvious! 

But as I said, there is just something about all of this that is just not right.  Someone has suggested to me that this may actually have something to do with MF Global and somehow it is all linked.   I don't know about that, but I do know MF Global clients lost their money and JP Morgan took all the gold and silver that was being stored by MF Global clients.  They were allowed to steal it all.  The government, CFTC and FBI looked the other way and no one is being charged for wrong doing.   So, where do all the pieces of the puzzle fit here?  Because to me, it is a puzzle right now.  What is this whole thing distracting us from?

Edit to add:  I just found that Zerohedge did a short article about the FBI investigating JPM losses and they mention MF Global too and how the FBI should investigate that.

Update: 5/17/12 - JPM a distraction for the damning Wall Street Illegal Activities released last week. 

Defense against a Fraudulent Foreclosure - Do NOT ask for "Wet Signature Note" as a Defense - Use Article 3 and 9 - Those win!



This is another guest post by Jesse Scott of US Mortgage Auditors.

He did this very short information article so people understand where a defense works and where it does not.  Many attorneys are asking for the "Wet Signature Note" and the banksters attorneys are loving it.  They win on that fraudclosure argument.

He is trying to get the information out for attorneys to use Article 9 and Article 3 of the mortgage contract against a Fraudclosure.

Message From Jesse:


This relates to Article 3 and Article 9

 This other side ( The Bank ) will always sue on the bases of Article 3 . WHY? .Under Article 3 The only requirement is to show up and say, here is the Note and you lost your case. Sounds familiar?? Ladies and Gentlemen and Lawyers please understand. STOP ASKING FOR THE WET SIGNATURE NOTE. YOU WILL GET NO WHERE. This is how they confused the issue. And to my wonderful attorneys out there struggling with this. This is how you fight them Article 9 . "Research it " I am not going to give you all the answers. 



Article 9 is based on negotiable verses non-negotiable instruments. Prove the other side ( The Bank ) had or has a proper chain of title as it relates to the trust that the mortgage was securitized in. And PROVE that it is BROKEN. If the MORTGAGE and NOTE separates , that means, The instrument becomes (NON-NEGOTIABLE ) ie: the mortgage or Deed of Trust. 

Ok Ok i know what your thinking my great and fearless lawyers. Now STOP IT. Your probably thinking well they still owe the money that they borrowed! Kudos to you, YOU ARE RIGHT . However if the mortgage has been separated. The best the other side could do is sue on the NOTE. Yes it becomes an unsecured debt. They can not enforce a non negotiable instrument on the property. So while your negotiating with the banks please stop asking for the Wet Signature Note. They are laughing at you all the way to the .......BANK.
 

 Keep up the Fight
 Jesse S Lesuer
 Senior Mortgage Fraud Investigator
 Securitization Auditor

  1-866-358-2738

As I put on the side bar about Jesse  and he did my mortgage audit for me.

Jesse at USMortgage Auditors will give a Free Preliminary Mortgage Audit to people who mention this Blog "SherrieQuestioningAll."

 

Saturday, May 12, 2012

My 12 year old daughter in a jam session in the hills of Tennessee with her Bass Clarinet. Farm I owned In Centerville, Tennessee.

A little light hearted post which we all need at times. This is also to remind people it is good to get out into the country and away from the all that is going on, sometimes. You never know what experiences await you.

My 12 year old daughter and I had spent the weekend in Nashville, Tennessee, October of last year (2011). We drove to Centerville, Tennessee where I use to own a farm, I bought it after moving up from the Virgin Islands in my twenties. We first ate at Breeces cafe (which is where I ate all the time when I lived in Centerville). The best country cooking anywhere in the world! Even though it had been 20 years since I lived in Centerville and only lived there 3 years, they remembered me! OOOPPSSSS :D

We saw the farm house and then began making our way to the Amish area of Tennessee. We stopped by a country store out in the middle of nowhere in Coble, Tennessee to get some water.

When we walked in there was a country jam session happening in the back. One of the guys asked if I played music and I said "No, not at all, but my daughter does."

She had her Bass Clarinet with her, practicing during our trip, because she has a school band concert this week. After a little convincing her it was okay to join in the jam session, she got her Bass Clarinet and played a couple of songs with the folks.

Here is my daughter's first jam session ever! It will be something to remember and I advise everyone... take some time, drive deep into the country and enjoy the nature and the people! Country folks are welcoming and friendly. They asked us to come back and for my daughter to come and play with them again. My daughter loved it there and she wants to go back often!

Here is the jam session.  My daughter was a little shy about it but next time I believe she will have more confidence and play a little louder.  Especially since at her school band concert 2 days ago (May 2012) they had her play a solo part with her Bass Clarinet.  











For the fun of it, here are pictures of the farm I used to own in Centerville, Tn. that I took when we went by it in Oct. It was out in the middle of nowhere and there was not one piece of sheet rock in it. I had the place done with all wood everywhere. The front door handle is even natural formed wood. Who wouldn't want to sit out on that porch for hours looking across the beauty of God's Green Gorgeous Earth?   Almost 20 years after I had sold it, it still has the rockers I had left there on the porch.  It was exactly the same, even the lions I had purchased and  put on the pillars at the bottom of the steps were there.  It really is nice to see some things don't change, when so many other things elsewhere have changed in the world.  Centerville and my old farm are exactly as I left them almost 20 years ago.  




Victoria Grant, 12 year old explains the fraud and debt slavery of the banking system to the "Banking Institute".

This 12 year old, Victoria Grant, got it all completely correct! She explains the banking of the world in 6 minutes. She is a Canadian and as she says at the end "Every person does make a difference and can change the world for the better." She is definitely doing her part. She made this speech at the Banking Institute by invitation earlier this week. This is the same girl whose video had gone around the net last month.

Please listen to this.





As she said, the banks are stealing from us all with fake money.  Amazing girl!

Friday, May 11, 2012

Federal Elected Democrats had training on how TO make Race an Issue this Election. They are to "Call negative comments as 'Racist'"



When you think you have heard it all in what this government is doing, you get shocked at something else.  I do anyway.

It seems the Federally Elected House Democrats have had training in how to make "Race an Issue".  They are also to call someone a "Racist" for negative comments about Obama and any thing to do with welfare and food stamps.

I am so completely disgusted with all of this!  I would like to know what happened to "bringing people together?"

This is beyond bizarre.  This is purposely trying to start Race Wars!  They are going to purposely try and incite violence!

That was obvious with that Treyvon matter, or what ever that kids name was.  I never paid attention to it at all.  I knew it was a division tactic.  It was so obvious, especially when Obama said "Would look like his son."

I believe that is when every single person should have seen Obama for what he is.

Now the Democrats are getting formal training on how to make race an issue.

They will seriously work to completely leave this country in tatters?  They don't think the country has enough issues as it is?  They think they need to ratchet up the race more?  They want race riots?  They want more people killed over race?   Seriously!

This is NOT MY Country!  My Country would not purposely tear itself apart and try and divide the people in every way possible!  The divisions in this country are all ready deep.  The media works hard on keeping the "left and right" divided.

How sorry this government is.  They have absolutely no morals at all and that means every one of those people that are in the Federal government.

I am absolutely astounded they are going to try and incite violence between the people and a race war.

From Article:

House Democrats received training this week on how to address the issue of race to defend government programs, according to training materials obtained by The Washington Examiner.

The prepared content of a Tuesday presentation to the House Democratic Caucus and staff indicates that Democrats will seek to portray apparently neutral free-market rhetoric as being charged with racial bias, conscious or unconscious.

Related: Training reveals that House Democrats fear minority vote is slipping away
In her distributed remarks, Maya Wiley of the Center for Social Inclusion criticized "conservative messages [that are] racially 'coded' and had images of people of color that we commonly see used" and proposed tactics for countering the Republicans' (presumably) racially-coded rhetoric.

According to Wiley's group's website, "right-wing rhetoric has dominated debates of racial justice – undermining efforts to create a more equal society, and tearing apart the social safety net in the process" for over 25 years. Wiley had been invited to run the Democrats "through their strategy and how they message and talk about stuff" pertaining to race and fiscal policy, a staffer for Rep. Barbara Lee, D-Calif., explained.

As samples of race-coded rhetoric, Wiley reminded the Democrats of statements by Republican presidential candidates Rick Santorum and Newt Gingrich. Of Gingrich's famous comment about President Obama, her distributed remarks note, "Calling a Black man 'the food stamp president' is not a race-neutral statement, even if Newt Gingrich did not intend racism."
But the threshold for what constitutes racially charged messaging is not always so high. One of Santorum's cited comments was: "Give them more food stamps, give them more Medicaid is the administration's approach, rather than creating jobs." She also cited this comment from House Majority Leader Eric Cantor, R-Va., about raising taxes to fund government programs: "I've never believed that you go raise taxes on those that are paying in, taking from them, so that you just hand out and give them to someone else."

Wiley, who did not respond to the Examiner's inquiries yesterday, offered this warning to Democrats about talking to "someone [who] opposes racial justice" but could support Democratic policies: "Don't make the mistake of telling them they're in the problem. It's emotional connection, not rational connection that we need."

To that end, Wiley proposed the use of "race explicit" anecdotes to illustrate problems like the economic crisis. "Explain how each racial group is affected (recognize the unique pain of each group), but start with people who are White," she wrote in her distributed remarks. "Then raise racial disparities." For example, she offered the line: "Homeownership is the American Dream. It hurts the same to lose your home if you're White, Asian, Latino or Black."

Wiley urged Democrats to appeal to "white swing voters while building support among voters of color." She explained that Democratic outreach to white voters needs to communicate that "people of color are in pain and it's the same pain I, as a White person, would or do feel. It's [about] humanizing people of color."


Bernanke - Thurs. 5/10/12 in speech at Bank Structure Conference "Banks are in Great Shape, Crisis is over, good liquidity." *Dimon & Blankfein met with Bernanke earlier in week - JPM losses around 18 Billion.



I have information from a "source" that both Dimon and Blankfein met with Bernanke earlier this week.   The same source is saying the real losses for JPM is 5 times at least the amount stated, they have said it is actually around 18 Billion in losses.   This source is real and is connected in financials.  We will eventually see if the source is correct regarding the real loss amount, eventually coming out.

Update - 5/17/12 - Losses are growing.

So that means Bernanke knew what was about to go down with JP Morgan from his meeting with Dimon earlier in the week.   But Blankfein (Goldman Sachs) met with Bernanke also. So........... does that mean Goldman Sach is in just as much trouble as JP Morgan and their losses? 


I wrote this morning how JP Morgan coming out about the losses on a Thursday night after market close was a Real Red Flag to me! 

UPDATE 5/17/12 I was right - a much Bigger Story that is being ignored - Goldman Sach's accidentally reveals Illegal Activities by Wall Street, last week.


Bernanke also made a speech yesterday (5/10/12) at the conference for Banking Structure and Competition in Chicago. 

Bernanke lied through his teeth in this speech he made yesterday.  From saying the banks are in good shape to saying they are not "betting" as much.  The facts are the banks have hedged more on derivatives than they have ever before.  There is more gambling going on than there was in 2008!  

Here is just one article about it and the 600 Trillion Derivatives in bets by the top 4 Wall Street banks which include JP Morgan and Goldman Sachs.

From the Federal Reserve site itself, here is a portion of that speech that Bernanke made:

 The first part of my remarks will highlight the significant progress that has been made over the past several years toward restoring the banking system to good health.

The State of the Banking System
Since the financial crisis, banks have made considerable progress in repairing their balance sheets and building capital. Risk-based capital and leverage ratios for banks of all sizes have improved materially and are significantly above their previous highs. Importantly, the 19 largest banking institutions that participated in the 2009 stress tests, as well as the two subsequent Comprehensive Capital Analysis and Review (CCAR) processes, have considerably more and better-quality capital than a few years ago. Indeed, those firms have increased their Tier 1 common equity, the best buffer against future losses, by more than $300 billion since 2009, to nearly $760 billion.
The latest CCAR, conducted earlier this year, demonstrated that most of the 19 firms would likely have sufficient capital to withstand a period of intense economic and financial stress and still be able to lend to households and businesses.

The Federal Reserve takes seriously its responsibility to ensure that supervisory actions to protect banks' safety and soundness do not unintentionally constrain lending to creditworthy borrowers, and we have taken a variety of steps to address these concerns. For example, we have issued guidance to supervisors stressing the importance of taking a balanced approach to supervision and of promptly upgrading a bank's supervisory rating when warranted by a sustainable improvement in its condition and risk management.

Conclusion
To sum up, conditions in the banking system--and the financial sector more broadly--have improved significantly in the past few years. Banks have strengthened their capital and liquidity positions. The economic recovery has facilitated the rebuilding of capital and helped improve the quality of the loans and other assets on banks' balance sheets. Nonetheless, banks still have more to do to restore their health and adapt to the post-crisis regulatory and economic environment. As the recovery gains greater traction, increasing both the demand for credit and the creditworthiness of potential borrowers, a financially stronger banking system will be well positioned to expand its lending. Improving credit conditions will in turn help create a more robust economy.

 When Bernanke was speaking yesterday he knew what was about to be released in news from JP Morgan.  Also Jamie Dimon did an interview with "Meet the Press" on Wednesday night for the Sunday show.  He did not mention what was about to happen.  The image on the right is from a previous Dimon interview with CNBC.

Since Goldman Sach's - Blankfein met with Bernanke too this week, then they must have a big problem too, I would guess. 

Remember JP Morgan is the one who got the money from MF Global when they went down and they got all the gold from the clients of MF Global.  They were allowed to steal the 1.2+ Billion dollars directly from the clients of MF Global.   Of course the government has been allowing all of this to go on without holding anyone accountable.

I did just find that Chilton of the CFTC has said "The hammer must come down."  But we have been hearing that for years now.  The "Silver Manipulation" investigation has been going on by the CFTC for about 3 years too, yet nothing has been done about the obvious manipulation.  He came out and made a similar statement last November with the MF Global Bankruptcy, but it was all talk and no action.  I don't believe him this time either, that a "hammer will come down."

CNBC has that "regulators" were already looking into JP Morgan trades before yesterday.  Again this would be the CFTC and they are covering their butts for sitting on their hands and allowing it all.

So, watch Goldman Sachs the more "protected" bank than even JP Morgan.  Remember all those at the Fed and who control the Treasury and the countries in Europe were all Goldman Sachs people at one point.   Why did Blankfein have to meet with Bernanke this week, along with Dimon? 


Seriously the Best Picture there is!  Shows the relationship between Bernanke and Dimon!  By WilliamBanzi7.

I would love to insert it here but I don't know how to reach him to get permission to.
At this link:
http://www.zerohedge.com/contributed/2012-19-11/too-big-wean

JP Morgan Derivative/Props Desk 3+ Billion Losses. WHY did they release this info on a Thursday after market not Friday after market, as normal bad financial news is? Worse news to come?



UPDATE 5/17/12 - here is what I was looking for- the bigger story that was revealed last week that needed to be covered up immediately, in my opinion.  Naked Illegal Short Selling by Goldman Sachs.

Update 5/21/12JPM losses eclipse 30+ Billion including stock value loss. 
_______________________________________________________________________________
All the financial news sites are covering the information about JP Morgan losing 3+ Billion from their gambling on derivatives.  That information was released yesterday (5/10/12) Thursday after the markets closed in the U.S.

Here are just a few links about it:

http://www.zerohedge.com/news/jpm-staring-another-3-billion-loss

From above link:

That is where the media picked up the story and as we detail below leads us to today. Attempts to hedge his over-hedged positions and/or unwind them impacted the market too much and we suspect created the need for today's admission of guilt.

http://www.zerohedge.com/news/worlds-largest-prop-trading-desk-just-went-bust

http://www.bloomberg.com/news/2012-05-11/jpmorgan-s-drew-embraced-risk-before-egregious-loss.html

http://www.huffingtonpost.com/2012/05/10/jpmorgan-chase-london-whale_n_1507662.html

CNBC latest information about it is saying that it could not just be one "rogue" trader, but there has to be more bad news to come.

http://www.cnbc.com/id/47382541
Portion from above article:

The $2 billion trading loss announced by JPMorgan on Thursday as a result of a failed hedging strategy does not bear the earmarks of coming from only a “rogue” trader, and developments that follow are more likely to get worse for the Wall Street bank rather than better, Dennis Gartman, founder of The Gartman Letter, told CNBC on Friday.
"I operate under the old rule that there is never just one cockroach, when ill news comes out there is usually more ill news to follow,” the famed investor and former floor trader said.“This clearly isn’t a rogue. This is not the same thing that happened at SocGen, by any stretch of the imagination,” said Gartman, 


The above article confirms my thoughts and what I was telling a few people on the phone, last night.  Something just is not right about the news of the 3+ Billion losses coming out on a Thursday.  That just does not happen.  All bad financial news comes out after the markets close on Fridays, so the markets do not instantly react but have time to settle down over the weekend.

WHY was this news not held 24 more hours until today (Friday 5/11/12), after the markets closed?  This news began affecting the markets immediately.  The DOW futures were down 77 after the news came out. 

Bloomberg has written about how the news is affecting the future markets.

http://www.bloomberg.com/news/2012-05-10/u-s-stock-index-futures-drop-as-jpmorgan-reveals-losses.html


Is this why JPM has been lowering their shorts in metals?  They had lowered their silver shorts by 1300 at the beginning of the week.

FYI - funny how JPM's stock is up this morning by 10 cents. 

My questions:

Why release this bad news on a Thursday afternoon?


What worse news is to come?

Is this the news for financials to focus on, compared to something else that will be revealed at some point today, even after markets?

In other words watch the "small" stories that are not covered due to this "big" news.

I just have a problem and feel something is just not right about the releasing of this information on a Thursday and not a Friday.   They could have held on to it until Friday.  This is a real red flag to me.

So, stay aware of "other" news as the focus is on this one.  Something much worst must be revealed today and JP Morgan was/is the vehicle for the "other" financial news to be ignored.   Yeah, I know.... I sound very conspiracy minded.   But, something is just very very wrong about it coming out on a Thursday.

One other thing - the morning shows just started and they are not mentioning one word about this in their headlines!  

Update - CBS morning show, expert just said "The taxpayers are on the hook for these losses."
She said that this does not break the Volcker Rule.  I have been reading others believe it does, so lets see what happens.  We all know that JPM can get away with murder and not get in trouble.

Edit to add:  8:27 AM - CNBC just said they are having an interview with Jamie Dimon from JPM.  *They just said it was taped on Weds, for "Meet the Press" and so nothing is mentioned about the "Prop desk losses."

Santelli - on CNBC 8:34 Am - just said "When you supply easy free money to the 'big boys' this is what you get!"  "It is the Fed's fault - giving them free money."  He is saying "Goldman Sach's is doing the same thing!"


*** Working on an article - I have info that Dimon and Blankfein met with Bernanke earlier this week.  Bernanke also made a speech yesterday saying that the Banks were in great shape.  When I finish it I will link it here***  So.... Goldman Sach's worse news today that will be whitewashed over?** 

Update - 1:02 PM - Here is the article about both Dimon and Blankfein meeting with Bernanke this week and Bernanke's speech yesterday, saying the banks are in good shape.