Sunday, October 23, 2011

New euro 'empire' plot by Brussels

Can you imagine a United States of Europe with a single Treasury? The International Monitary Fund has privately refused to continue funding the Greek bail-out, and a single Treasury plan emerged in Brussels yesterday as Europe’s finance ministers tried to find a way out of the crisis engulfing the eurozone. A full-scale rescue plan could cost about £1.75 trillion so they have to be creative to prevent financial collapse across Europe.

Source: The Telegraph

European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” —with Britain left on the sidelines.

The plan comes as European governments desperately trying to save the euro from collapse last night faced a new bombshell, with sources at the International Monetary Fund saying it would not pay for a second Greek bail-out.

The single Treasury plan emerged in Brussels yesterday as Europe’s finance ministers tried to find a way out of the crisis engulfing the eurozone. A full-scale rescue plan could cost about £1.75 trillion.

This is a Suspicious News Brief. Read more at The Telegraph
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Friday, October 21, 2011

BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit

Source: Bloomberg

Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation.

The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.

In 2009, the Fed granted Section 23A exemptions to the banking arms of Ally Financial Inc., HSBC Holdings Plc, Fifth Third Bancorp, ING Groep NV, General Electric Co., Northern Trust Corp., CIT Group Inc., Morgan Stanley and Goldman Sachs Group Inc., among others, according to letters posted on the Fed’s website. The central bank terminated exemptions last year for retail-banking units of JPMorgan, Citigroup, Barclays Plc, Royal Bank of Scotland Plc and Deutsche Bank AG. The Fed also ended an exemption for Bank of America in March 2010 and in September of that year approved a new one.

Section 23A “is among the most important tools that U.S. bank regulators have to protect the safety and soundness of U.S. banks,” Scott Alvarez, the Fed’s general counsel, told Congress in March 2008.

This is a Suspicious News Brief. Read more at Bloomberg.
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Wednesday, October 19, 2011

Electric DeLorean Coming in 2013

Source: Fox News

The DeLorean Motor Company of Humble, Texas has announced plans to build an all-electric version of the iconic, stainless steel gull-wing sports car made famous in the “Back to the Future” films of the 1980’s. Flux Power of Escondido, California is responsible for developing the 32 kWh battery pack that is expected to be used in the production car. The final weight of the electric DeLorean should be only about 200 pounds more than the original gas powered version. The prototype has a 200 hp electric motor, and accelerating from 0-60 mph takes less than eight seconds. the final production model is expected to have a real-world range of 100 miles between charges. You might be able to buy one for $90,000 as soon as 2013.

This is a Suspicious News Brief. Read more at Source: Fox News.

Saturday, October 15, 2011

The ‘Terrorist’ Who Couldn’t Think Straight

Source: Antiwar.com Original Articles

Would Iran recruit a used car salesman with a memory problem to conduct assassinations in the US?

This is a question you have to ask yourself when evaluating the alleged Iranian "terrorist" plot supposedly uncovered by Attorney General Eric Holder the other day. The arrest of Mansour Arbabsiar, a 56-year-old Iranian immigrant who came to this country as a college student, was the occasion for a trumpet blast of anti-Iranian propaganda and belligerent declarations by US officials, who vowed to "hold Iran accountable" for purportedly mounting a plot to kill the Saudi ambassador, bomb the Saudi and Israeli embassies in Washington, and strike at the Jewish community in Argentina.

The alleged plot was supposed to have been carried out by a member of the Zetas drug cartel, who was to be paid up to $1.5 million to implement the plan. US officials, even while acknowledging the "B-movie" aspect of the story, reportedly "fanned out" to convince our allies the plot was real and –with Congress already demanding new sanctions on Iran –that the economic vise be tightened. Not only are the more hysterical neocons calling for military action against Iran –no surprise there —but the headlines had the normally staid and relatively reserved Steve Clemons, a prominent Obama shill, babbling that "this is a serious situation" and "the U.S. has reached a point where it must take action," and Sen. Carl Levin calling the plot "an act of war."

Less than 24 hours after Holder’s press conference, the whole fantasy began to unravel under closer scrutiny. Gary Sick, of the Middle East Institute at Columbia University, averred that the alleged plot "departs from all known Iranian policies and procedures," and went on to write:

"It is difficult to believe that they would rely on a non-Islamic criminal gang to carry out this most sensitive of all possible missions. In this instance, they allegedly relied on at least one amateur and a Mexican criminal drug gang that is known to be riddled with both Mexican and U.S. intelligence agents. "Whatever else may be Iran’s failings, they are not noted for utter disregard of the most basic intelligence tradecraft, e.g. discussing an ultra-covert operation on an open international line between Iran and the U.S. Yet that is what happened here."

Kenneth Katzman, a Middle East analyst with the Congressional Research Office, concurs:

"There is simply no precedent —or even reasonable rationale —for Iran working any plot, no matter where located, through a non-Muslim proxy such as Mexican drug gangs. No one high up in the Quds, the I.R.G.C. command, the Supreme National Security Committee, or anywhere else in the Iranian chain of command would possibly trust that such a plot could be kept secret or carried out properly by the Mexican drug people. They absolutely would not trust such a thing to them, given Iran’s undoubted assumption that the Mexicans are penetrated by the D.E.A. and F.B.I. and A.T.F., etc —and indeed this plot was revealed by just such a U.S. informant….

"Are we to believe that this Texas car seller was a Quds sleeper agent for many years resident in the U.S.? Ridiculous. They (the Iranian command system) never ever use such has-beens or loosely connected people for sensitive plots such as this."

This is a Suspicious News Brief. Read more at Antiwar.com.
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Thursday, October 6, 2011

Tuesday, October 4, 2011

China threatens US with trade war over currency bill

Source: Russia Today

Anger is erupting out of Beijing this week after lawmakers in Washington are aiming to force Chinese currency to rise to put both nations on level ground with trading. China responded that the legislation would just be Washington’s way of putting the rest of the world’s economies at risk.

Before Congress this week, Senate Majority Leader Harry Reid said that China's “deliberate actions to devalue its currency gives its good an unfair competitive advantage in the marketplace.”

Speaking to RT, investor Jim Rogers added that the repercussions of a trade war could be catastrophic. “If it turns into a trade war, it is the most momentous thing of 2011,” said Rogers. “Trade wars always lead to wars. Nobody wins trade wars, except general who end up fighting the physical wars when they happen. This is very dangerous.”

This is a Suspicious News Brief. Read more at Russia Today
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Sunday, October 2, 2011

FBI faces entrapment questions over Rezwan Ferdaus bomb plot arrest

The Guardian

Rezwan Ferdaus, a 26-year-old US citizen and physics graduate who lived at home with his parents in Ashland, near Boston, was the target of an FBI sting in which he bought a miniature aircraft that he planned to outfit as a flying bomb.

Some legal organisations and Muslim groups have questioned whether Ferdaus, whose activities were carried out with two undercover FBI agents posing as terrorists, would have been able to carry out such a sophisticated plot if left to his own devices. In numerous previous cases in the US, the FBI has been accused of over-zealousness in its investigations and of entrapping people into terror plots who might otherwise not have carried out an attack.

"There is a big, big difference between a plot initiated by the FBI and a plot initiated by a suspect, and it seems this might have been initiated by the FBI," said Ibrahim Hooper, The Council on American-Islamic Relations' director of communications.

The prosecution case also reveals how Ferdaus ordered the plane and rented a storage facility in which to keep it and then took delivery from the FBI agents of 25 pounds of C-4 explosives, three grenades and six AK-47 rifles.

This is a Suspicious News Brief. Read more at The Guardian.
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Saturday, October 1, 2011

US Activists Take On Wall Street

Source: Al Jazeera



There are protests scheduled in many cities around the US and some cities internationally. See Occupy Together for more information on this movement and how you can get involved.
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US stands behind method of Awlaki killing

Source: Al Jazeera English

United States President Barack Obama has called the killing of Yemeni-American cleric Anwar al-Awlaki a "major blow to al-Qaeda's most active operational affiliate" but offered no apologies for the unprecedented manner in which he was killed.

"We will be determined, we will be deliberate, we will be relentless, we will be resolute in our commitment to destroy terrorist networks that aim to kill Americans," Obama told reporters in Washington.

But the controversial killing by armed drones on Friday steers the Obama administration into uncharted waters regarding the targeting and killing of US citizens deemed enemies of the state.

This is a Suspicious News Brief. Read more at Al Jazeera English.
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