Insider Trading and Financial Terrorism on Comex

Paul Craig Roberts and Dave Kranzler

July 16, 2014. The first two days this week gold was subjected to a series of computer HFT-driven “flash crashes” that were aimed at cooling off the big move higher gold has made since the beginning of June. During this move higher, the hedge funds, who typically “chase” the momentum of gold up or down, built up hefty long positions in gold futures over the last 6 weeks. In order to disrupt the upward momentum in the price of gold, the bullion banks short gold in the futures market by dumping large contracts that drive down the price and make money for the banks in the process.

As we explained in previous articles on this subject, the price of gold is not determined in markets where physical gold is bought and sold but in the paper futures market where contracts trade and speculators place bets on the price of gold. Most of the contracts traded on the Comex futures market are settled in cash. The value of the contracts used to short gold and drive down the price is well in excess of the actual amount of physical gold that is kept on the Comex and available for delivery. One might think that regulators would pay attention to a market in which the value of contracts outstanding exceeds by several multiples the amount of physical gold available for delivery.


What would a psychiatrist call this? Delusions of grandeur?

William Blum

President Barack Obama, May 28, 2014:
Here’s my bottom line, America must always lead on the world stage. If we don’t, no one else will.

US Secretary of State John Kerry, July 8, 2014:
In my travels as secretary of state, I have seen as never before the thirst for American leadership in the world.”

Nicholas Burns, former US Under Secretary of State for Political Affairs, May 8, 2014:
Where is American power and leadership when the world needs it most?

Mitt Romney, Republican Party candidate for President, September 13, 2012:
The world needs American leadership. The Middle East needs American leadership and I intend to be a president that provides the leadership that America respects and keep us admired throughout the world.

Paul Ryan, Congressman, Republican Party candidate for Vice President, September 12, 2012:
We need to be reminded that the world needs American leadership.


Fascist atrocities mount as US-backed regime assaults eastern Ukraine

Alex Lantier


Kiev's brutal military campaign in eastern Ukraine
creating humanitarian crisis
(DriveByPlanet)

As the Western-backed regime in Kiev assaults pro-Russian militias in the major cities of eastern Ukraine, mass graves are coming to light in Slavyansk, the former opposition stronghold recently captured by Kiev. The government offensive is unfolding with the support of Washington and the European Union (EU), which yesterday imposed more sanctions to compel Moscow to abandon any support for opposition militias in Ukraine.

Andriy Lysenko, the spokesman for the Kiev regime’s Defense and Security Council, said yesterday that “hundreds of bodies of rebel fighters” had been found in shallow graves. Lysenko claimed some of the graves “have been mined by the terrorists”—apparently implying that some of the dead were killed during the siege of Slavyansk and buried by fellow opposition fighters before Kiev’s forces captured the town. Lysenko refused to give further details.

While the Kiev regime’s bombardment of Slavyansk doubtless caused hundreds of casualties, its own accounts show that the far-right Ukrainian nationalist militias it has mobilized are carrying out a campaign of political terror and murder in Slavyansk. Upon capturing the city, they detained all men between the ages of 25 and 35 on suspicion of supporting or giving aid, including medical aid, to the opposition militias.

On Tuesday, Interior Ministry official Anton Gerashchenko confirmed that two Slavyansk priests had been murdered for supporting opposition forces. “We found a grave of two priests from Slavyansk, who were tortured and killed by the Ukrainian nationalists,” Gerashchenko said. The bodies of two sons of one of the priests were discovered in the same grave as the priests’ mutilated remains.

The Odessa diocese confirmed that Ukrainian nationalists have threatened, beaten or kidnapped several Orthodox priests, many of whom they consider too close to Moscow. The Odessa diocese secretary, Archpriest Andrei Novikov, who has fled to Moscow fearing arrest by Ukrainian nationalist groups, said, “I’m sure if the government keeps its position, it will handle the physical liquidation of the Moscow Patriarchate in Ukraine.”


Hamas and the ceasefire that wasn't

Mohammed Omer


Israeli air strikes on Gaza city resumed around 3pm (15th July). (AFP)

Hamas almost immediately distanced itself from a ceasefire proposal that didn't meet any of its aims - or come through the right channels

When rumors began spreading late on Monday about a possible Hamas-Israel ceasefire brokered by Egypt, Ismail Haniyeh - the top Hamas leader in Gaza - appeared on a pre-recorded TV interview from an unknown location to address Palestinians.

In the video, Haniyeh's message was clear - he wanted to reassure Gazans that he and Hamas were unwilling to compromise on the innocent blood spilled in Gaza during the last nine days. “It is not possible for any party to bypass the conditions set by Palestinian Resistance to implement a period of calm,” he said in the clip. Hamas have since said says the ceasefire draft wasn’t seen by then until after it was made public, suggesting to them that the ceasefire proposal was more a media ploy rather than a true political initiative to end the conflict. “We want to stop the aggression on our people, but the problem is the realities of Gaza such as the starvation siege, closure of borders, the humiliation of people,” Haniyeh said.


No exit from Gaza: A new war crime?

Richard Falk

The civilian population of Gaza are trapped in an overcrowded war zone with no form of exit. This situation reveals a serious gap in international humanitarian Law.

As the hideous Israeli assault on Gaza, named Operation Protective Edge, by the IDF enters its second week, overdue international appeals for a ceasefire fall on deaf ears. Bibi Netanyahu tells the world that no outside pressure will alter Israel’s resolve to reach its military and political goals to disable Hamas for the indefinite future. The purported justification for such aggression is to make sure this time that Israelis will never again have to seek shelter from Hamas rockets, which could require a prolonged military campaign combining ground forces with a continuing air and naval assault.


Team Rocket blasts off again

Sam Kriss

To protect the world from devastation! To unite all peoples within our nation! To denounce the evils of truth and love! To extend our reach to the stars above! - Benjamin Netanyahu, address at the opening of the 2014 Knesset summer session

Imagine, if you dare, the sheer horror of living near an ideologically motivated amateur youth rocketry club. Something like the Socialist Youth Committee for Space Exploration, for instance, or the Young Tories Science Society. While at first it might be heartwarming to see teenagers developing an interest in politics and an involvement in practical physics, rather than indulging in their usual habits of playing violent video games all day or viciously cyberbullying each other to death, this would quickly grow tiring. The sudden bangs in the night, the scattered debris in the morning, the occasional terror as an errantly and implausibly airborne tin can goes screeching over your leafy suburb: it’s more than anyone could reasonably be expected to bear. Surely nobody would blame you if, after a few days of these potassium nitrate-powered hijinks, you and a few of your sensible middle-class neighbours got together to launch a combined military assault on the part of town where these kids hang out, killing them, their families, and several dozen others stupid enough to be in the area. It’s not that you’d get any particular pleasure from murdering all these people, but everybody deserves a decent night’s sleep.


Once Again, Israel is Defeated

Gilad Atzmon

As the Israeli Cabinet announced earlier today that it accepted the Egyptian cease-fire offer, Palestinian freedom fighters in Gaza continued firing rockets targeting the whole of Israel.

The situation is clear. Israel is desperate for a break in the violence. In spite of its endless ‘bravado,’ and military might, Israel lacks the military capacity and the courage to encounter Palestinian resistance on the ground. The Israeli elite recognizes that the military can’t resolve the problem, if anything, its extensive use would diminish Israeli manoeuvrability on the international front.

Hamas, on the other hand, has won its biggest military, political and ideological victory to date - it has managed to deliver some elementary messages to all of Israeli society:

You are living on our Palestinian stolen land, our Right to Return is elementary and is not negotiable. You Israelis do not belong here, you never did, and you had better consider your options immediately.


The return of George Orwell and Big Brother’s war on Palestine, Ukraine and the truth

John Pilger

The other night, I saw George Orwells's '1984' performed on the London stage. Although crying out for a contemporary interpretation, Orwell's warning about the future was presented as a period piece: remote, unthreatening, almost reassuring. It was as if Edward Snowden had revealed nothing, Big Brother was not now a digital eavesdropper and Orwell himself had never said, "To be corrupted by totalitarianism, one does not have to live in a totalitarian country."

Acclaimed by critics, the skilful production was a measure of our cultural and political times. When the lights came up, people were already on their way out. They seemed unmoved, or perhaps other distractions beckoned. "What a mindfuck," said the young woman, lighting up her phone.

As advanced societies are de-politicised, the changes are both subtle and spectacular. In everyday discourse, political language is turned on its head, as Orwell prophesised in '1984'. "Democracy" is now a rhetorical device. Peace is "perpetual war". "Global" is imperial. The once hopeful concept of "reform" now means regression, even destruction. "Austerity" is the imposition of extreme capitalism on the poor and the gift of socialism for the rich: an ingenious system under which the majority service the debts of the few.

In the arts, hostility to political truth-telling is an article of bourgeois faith. "Picasso's red period," says an Observer headline, "and why politics don't make good art." Consider this in a newspaper that promoted the bloodbath in Iraq as a liberal crusade. Picasso's lifelong opposition to fascism is a footnote, just as Orwell's radicalism has faded from the prize that appropriated his name.


Israeli war crimes in Gaza provoke global outrage

Patrick Martin

As the Israeli onslaught on Gaza enters its second week, more and more evidence of atrocities is being made public, producing widespread expressions of outrage around the world.

There have been numerous protests in Europe and North America, which though still relatively small, reflect the growth of popular understanding of the criminal character of the one-sided “war” against Gaza.

Since the non-stop air strikes began on Gaza July 7, Israel has carried out more than 1,300 bomb and missile attacks on the Gaza Strip, an average of one massive explosion every nine minutes, 24 hours a day.

Amid reports that Israel’s security cabinet was to meet early Tuesday morning to consider a cease-fire proposal advanced by the Egyptian regime, there was no letup in this onslaught, and Israeli troops and tanks remained poised on the border of Gaza for a potential ground invasion.


Obama administration drops investigation into CIA spying on US Senate

Patrick Martin

The US Department of Justice announced Thursday that it would not investigate charges that the CIA had spied on members of the staff of the Senate Intelligence Committee, whitewashing the brazenly illegal actions of the US intelligence apparatus. “The department carefully reviewed the matters referred to us and did not find sufficient evidence to warrant a criminal investigation,” read the Justice Department statement.

The department will also not investigate countercharges by the CIA that Senate staffers had gained unauthorized access to CIA documents, effectively equating the two and prompting the corporate-controlled media (which has largely buried the story) to portray the action as a neutral, “hands-off” position in a murky dispute between the Senate and the CIA.

The CIA surveillance of the activities of the Senate committee—which is charged by law with oversight of the CIA—was such a flagrant violation of the constitutional separation of powers that the panel’s chairman, Senator Dianne Feinstein of California, took the extraordinary step of denouncing the agency in a lengthy speech on the Senate floor on March 11.

A longtime hardline defender of the intelligence apparatus, Feinstein was visibly disturbed by what she had learned of the CIA’s actions, which she said “may well have violated the separation-of-powers principle embodied in the United States Constitution,” and also “the Fourth Amendment, the Computer Fraud and Abuse Act, as well as Executive Order 12333, which prohibits the CIA from conducting domestic searches or surveillance.”


On Israeli Defeat And The Future of Jewish Politics

Alimuddin Usmani interviews Gilad Atzmon

#PalestineUnderAttack

Alimuddin Usmani: After "Cast Lead" in 2009 and "Pillar of Defense" in 2012, the Israeli army has launched operation "Protective Edge" in July, 2014 against Gaza. What is the purpose of these repeated large scale military operations?

Gilad Atzmon: It is important to note that Israel hasn't won a single military battle since 1973. True, it has killed many Arabs, but it hasn't managed to achieve any of its military objectives.

Israel’s military domination has been sustained by the power of deterrence. The strategy was to force Arabs to avoid conflict by threatening that they could lose everything. This week has shown that this trick won't work anymore. Palestinian resistance has sprung back to life.

Israel can not solve its problems by military means. The situation is desperate for the Israelis. They have started to realize that they are stuck within a political, ideological and cultural stalemate. Israel is unable to conjure an image of a resolution. There is no prospect of future for the Jewish State.

Furthermore, the Jewish left's blatant lie that the ‘occupation is the problem’ has been exposed this week as we witness Israeli Arab citizens chased by Jewish mobs. As we know, the right-wing call for mass expulsion of all Arabs from Israeli territory is becoming increasingly popular within Israel. This brutal ‘solution’ is totally consistent with Jewish supremacist culture and ideology. After all, Jews, and I mean both Zionists and anti, like to operate within a Jews only environment. But can Israel rid itself of the Palestinians? This is exactly what the Right wing parties within the coalition promise to do.

Back to your question; since the military cannot provide the answers and the politicians cannot produce an image of a solution, the military is used as a firemen's brigade. It supplies short lived victories. The IDF is buying time, it cannot deliver a victory because military objectives cannot even be articulated. The IDF pounds Gaza with missiles, it kills whatever it suspects might be dangerous (a lot of kids, elders and women). But as time goes by, the military options are shrinking and to a certain extent, are not viable any more.

The German military theorist, Carl von Clausewitz suggested in the 19th century that “war is the continuation of politics by other means.” In the case of Israel what we see instead is the reverse of Clausewitz’ idea: Israeli politics is the continuation of the Jewish need for a conflict.


Israel warns of imminent ground invasion of Gaza

Mike Head

Israel yesterday told an estimated 100,000 Gaza residents living in cities near the border with Israel to leave their homes immediately, in a clear warning of an imminent ground invasion of the densely-populated enclave that houses nearly two million Palestinians.

According to Israeli media reports, the Israel Defense Forces (IDF) yesterday sent phone calls to people living in cities and towns, including Beit Lahia, Beit Hanoun, and Absan al-Saghira, ordering them to evacuate and move to the west or south.

Residents are largely unable to leave the territory, however, because the US-backed military regime in Egypt, headed by Abdel Fattah al-Sisi, has closed the only possible border crossing, at Rafah, except temporarily for some injured people who need to seek hospital treatment.

After four days of relentless aerial bombardments, which have already killed 89 Gaza residents, Prime Minister Benjamin Netanyahu’s government has approved a call-up of 40,000 IDF reservists. About 20,000 have already been mobilised to the Gaza border in anticipation of a possible ground assault.

In a statement televised following a meeting of his security cabinet, Netanyahu declared: “So far the battle is progressing as planned but we can expect further stages in future.”

Defence Minister Moshe Yaalon added, “We have long days of fighting ahead of us.”

The Israeli offensive is being intensified with the clear backing of the United States. President Barack Obama phoned Netanyahu late yesterday, reportedly offering to broker a ceasefire, while stressing his support for the view that Israel has the right to employ overwhelming force against Gaza, supposedly to defend itself.


Washington’s Arrogance Will Destroy Its Empire

Paul Craig Roberts

Washington reeks of the stench of evil

Alone among the governments in the world, Washington requires sovereign governments to follow Washington’s laws even when Washington’s laws contradict the laws of sovereign countries.

The examples are endless. For example, Washington forced Switzerland to violate and to repeal Switzerland’s historic bank secrecy laws. Washington executes citizens of other countries, as well as its own citizens, without due process of law. Washington violates the sovereignty of other countries and murders the countries’ citizens with drones, bombs, and special forces teams. Washington kidnaps abroad citizens of other countries and either brings them to the US to be tried under US law or sends them to another country to be tortured in secret torture centers. Washington tells banks in other countries with whom they can do business and when the banks disobey, Washington blackmails them into compliance or imposes fines that threaten their existence. Last week Washington forced a French bank to pay Washington $9 billion dollars or be banned from its US operations, because the bank financed trade with countries disapproved by Washington.

Washington issues ultimatums to sovereign nations to do as they are told or “be bombed into the stone age.” Washington violates diplomatic immunity and forces down the planes of presidents of sovereign countries to be illegally searched. Washington ordered its UK vassal to violate the laws and conventions governing political asylum and to refuse free passage to Julian Assange to Ecuador.

Washington ordered Russia to violate its laws and to hand over Edward Snowden. Russia is strong enough to refuse to comply with Washington’s orders. So what did Washington do?


Zio-Nazis run wild in Occupied Palestine

Kevin Barrett

Yesterday we learned that three Israeli suspects have confessed to burning to death Palestinian teenager Mohammed Abu Khdair. The killers even re-enacted their grisly deed for police.

The Western media is treating this incident as an isolated outrage. It is not. During the past 14 years, Israelis have murdered one Palestinian child every four days, on average.

During the second half of June, while the Zionist-dominated global media relentlessly hyped the “three kidnapped Israeli teens” story, several Palestinians were shot to death by the IDF, including 15-year-old Mohammed Dudin, who was murdered in Dura on June 20th. Corporate media coverage of the killing of Mohammed Dudin was negligible. To the mainstream media, the lives of Israeli Jews are priceless, while those of Palestinians are worth little or nothing.

Statistics bear out this conclusion. A study by If Americans Knew found that the New York Times, America’s newspaper of record, reported Israeli children’s deaths at 6.8 times the rate of Palestinian children’s deaths.

In an exclusive interview with Truth Jihad Radio, Palestinian professor Mazin Qumsiyeh said: “We have a huge problem in the way American media portrays the situation. Between the year 2000, when an uprising started against the occupation, until today, there have been over 1,540 Palestinian children killed by Israeli soldiers and illegal settlers. These children are barely mentioned anywhere in Western media; whereas every time an Israeli is killed, rare as that may be compared to the number of Palestinian children and civilians killed, we hear everything in detail about these people.”

What explains the disparity? The New York Times, like much of the Western mainstream media, is owned and operated by Zionists. In an article entitled “Do Jews Dominate in American Media? And So What If We Do?” Jewish ex-New York Times journalist Philip Weiss notes that pro-Israel Jews do indeed dominate US corporate media. He adds: “The result is that Americans are not getting the full story re Israel/Palestine.”


Air strikes kill civilians as Israel prepares new Gaza bloodbath

Bill Van Auken


Israel has launched a major bombardment of Gaza. Some 12 Pale-
stinian civilians, including 5 children, have been killed.
(Reuters)

"So if we want to remain alive, we have to kill and kill and kill, all day, every day. If we don't kill, we will cease to exist." - Arnon Sofer

Israeli bombings and rocket attacks against the densely populated and impoverished neighborhoods of Gaza claimed the lives of at least 27 Palestinians by late Tuesday night and left well over 130 others wounded, many of them seriously.

The Israelis military boasted that it had launched over 273 airstrikes on Tuesday. The attacks, carried out by F-16 fighter jets, Apache helicopters and drones, turned homes into rubble and sent towering plumes of fire and smoke into the skies over Gaza, where nearly two million Palestinians are confined in what amounts to the world’s largest open-air prison.

The worst of the attacks was carried out against a house in the southern Gazan city of Khan Yunis, where a missile fired by an F-16 warplane struck the building as its residents were trying to escape. Among the seven killed in the attack were two young boys, ages 13 and 14. An eight-year-old child who was severely wounded by shrapnel died later in a hospital. At least 25 more people were wounded in the air strike.

Other strikes took the form of “targeted assassinations.” Individual members of the ruling Hamas party were murdered by missile strikes on their homes or cars, or were annihilated while walking in the street.


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