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Peak Oil: Sobering Realities – Peak Oil Matters

Peak Oil: Sobering Realities – Peak Oil Matters.

IMGP1089_Watermarked-1

Expenditures for finding and developing oil fields have tripled in the last decade and the return from these expenditures has not been enough to justify the costs. Nearly all of the major oil companies have announced major reductions in their exploration and drilling programs and several are selling off assets as they are caught in a trap between steady oil prices and rapidly rising operating costs.

Tom Whipple, a former CIA analyst and highly-respected editor of the daily Peak Oil News and the weekly Peak Oil Review [published by ASPO – the Association for the Study of Peak Oil] offered that observation, [and the other quotations here], in an informative,  straightforward, and necessarily sobering assessment of the current state of fossil fuel production.

His efforts won’t gain him rapid admittance into the Happy Talk Misleading Hall of Fame. What his observations will do (coupled with those of other esteemed analysts and commentators on the subject of peak oil) is to interject a much-needed awareness of facts and reality into public discussions about our future and the energy supplies we’ll all be relying upon.

That awareness cannot come too soon, burdened as most citizens are by a steady parade of foggy assertions bearing a reasonable but incomplete relationship to truth. We need more than passing acquaintance with facts that so clearly affect each and every one of us. Few of us appreciate just how much we rely upon inexpensive, readily-available supplies of energy to live our lives.

Taking this for granted shouldn’t come as a surprise to anyone. It’s pretty much all any of us and our immediate prior generations have ever known. Who among us considers the air we breathe thousands of times each day?

The simple fact, however, is that there is one vital aspect to this great body of fossil fuels which has powered us from the time of our Founding Fathers to this extraordinarily complex and awe-inspiring technologically-advanced 21st Century. These are finite resources.

We’ve drawn the cheap and easy supply in ever-more innovative and ingenious ways for nearly two centuries. Our go-to supplies are now harder to extract, more costly, less efficient. An engineering degree is not required to appreciate that this combination does not bode well for societies blindly pursuing more of everything without a pause to consider an alternate plan or two.

The world’s existing fields are depleting at rate of circa 4 million b/d each year so without constant drilling of new wells in new fields global production will quickly wither and prices will climb still more….
To keep the oil flowing, the world’s oil companies have invested some $4 trillion in the last nine years to drill for oil. About $2.5 trillion of this was spent on simply replacing production from existing oil fields. Even this gigantic expenditure was not enough since conventional oil production fell by 1 million b/d during the period.

Pause for a moment to consider that current state of affairs. For all the hype about the marvels of fracking and the energy boom tight oil production unleashed, the investments and returns aren’t adding up as bottom-line admirers hope. We consumers aren’t delighted with paying the higher prices needed to support the more extravagant energy production costs associated with unconventional energy supplies being relied upon more and more. (Worth mentioning again that the decline rates of fracked wells, and thus the need to drill more and more wells, at higher and higher prices, for less efficient products, are facts all conveniently omitted from the cheers offered by the oil industry’s media shills.)

A reckoning on both scores will come soon. Tom Whipple was succinct in that regard:

[I]nvestments in future production are going down, meaning that in a few years depletion likely will overwhelm new production and output of conventional oil will drop.

His inquiry was as good as any:

What is going to happen in the next few years?

Contemplating an answer or two might be a good investment.

~ My Photo: “Know The Risks” – Newport Beach, CA  02.16.14

 

I invite you to enjoy my two new books [here and here], and to view my other work atrichardturcotte.com :
 

       Looking Left and Right

blog examining the liberal vs. conservative conflicts in our society

 

       Life Will Answer

Thought-provoking inquiries & observations about how (and why) Life does … and does not, work for everyone. [Inspired by my book of the same name]

 

       * The Middle Age Follies

column offering a slightly skewed look at life for those of us on the north side of 50.

 

Looking Left and Right:
Inspiring Different Ideas,
Envisioning Better Tomorrows

Peak Oil Matters is dedicated to informing others about the significance and impact of Peak Oil—while adding observations about politics, ideology, transportation, and smart growth.

 

The Ron Paul Institute for Peace and Prosperity : If Spying on Senate is So Bad, Why is it OK For Them To Spy On Us?

The Ron Paul Institute for Peace and Prosperity : If Spying on Senate is So Bad, Why is it OK For Them To Spy On Us?.

written by ron paul
sunday march 16, 2014
Ronpaul Tst

The reaction of Sen. Dianne Feinstein (D-CA) to last week’s revelations that the CIA secretly searched Senate Intelligence Committee computers reveals much about what the elites in government think about the rest of us. “Spy on thee, but not on me!”

The hypocrisy of Sen. Feinstein is astounding. She is the biggest backer of the NSA spying on the rest of us, but when the tables are turned and her staff is the target she becomes irate. But there is more to it than that. There is an attitude in Washington that the laws Congress passes do not apply to Members. They can trample our civil liberties, they believe, but it should never affect their own freedom.

Remember that much of this started when politicians rushed to past the PATRIOT Act after 9/11. Those of us who warned that such new powers granted to the state would be used against us someday were criticized as alarmist and worse. The violations happened just as we warned, but when political leaders discovered the breach of our civil liberties they did nothing about it. It was not until whistleblowers like Edward Snowden and others informed us of the abuses that the “debate” over surveillance that President Obama claimed to welcome could even begin to take place! Left to politicians like Dianne Feinstein, Mike Rogers, and President Obama, we would never have that debate because we would not know.

Washington does not care about our privacy. When serious violations are discovered they most often rush to protect the status quo instead of defending the Constitution. Senator Feinstein did just that as the NSA spying revelations began to create pressure on the Intelligence Community. Her NSA reform legislation was nothing but a smokescreen: under the guise of “reform” it would have codified in law the violations already taking place. When that fact became too obvious to deny, the Senate was forced to let the legislation die in the committee.

What is interesting, and buried in the accusations and denials, is that the alleged CIA monitoring was over an expected 6,000 page Senate Intelligence Committee report on the shameful and un-American recent CIA history of torture at the “gulag archipelago” of secret prisons it set up across the world after the attacks of 9/11. We can understand why the CIA might have been afraid of that information getting out.

When CIA whistleblower John Kiriakou exposed the CIA’s role in torturing prisoners he was sent to prison for nearly three years. But Senator Feinstein and her colleagues didn’t lift a finger to support him. So again you have the double standards and hypocrisy.

The essence of this problem has to do with the difficulty in managing the US empire. When the government behaves as an empire rather than as a republic, lying to the rest of us is permissible. They spy on everybody because they don’t trust anybody. The answer is obvious: rein in the CIA; remove its authority to conduct these kinds of covert actions. Rein in government. Lawmakers should not defend Fourth Amendment rights only when their staffs have been violated. They should do it all the time for all of us. The people’s branch of government must stand up for the people. Let’s hope that Sen. Feinstein has had her wake-up call and will now finally start defending the rest of us against a government that increasingly sees us as the enemy.

The Big Secret Behind the CIA-Congressional Battle Washington’s Blog

The Big Secret Behind the CIA-Congressional Battle Washington’s Blog.

What You DON’T KNOW About CIA Fight with Congress

You’ve heard that there’s a big battle between the CIA and Congress over the CIA spying on the Senate Intelligence Committee’s review of documents related to the Bush-era torture program.

Many are calling it a “constitutional crisis“. House Oversight Committee Chairman Darrell Issa calls it potential “treason“.

The congress members complaining about spying by the CIA are right, of course.

But they are hypocrites. Specifically, these same congress members  didn’t raise a peep when the government was spying on the people … and instead defended the government’s mass surveillance at every opportunity.

There are hundreds of thousands of Google hits for the search term “Hypocrisy CIA Senate Feinstein“.

High-level NSA whistleblower Bill BinneyEdward Snowden, a very high-level former CIA officer, aformer FBI agent and many others are all slamming Congress for the hypocrisy

Even Jon Stewart has lambasted them:

(And this isn’t the first time that Congress has been hypocritical when the spying was turned against them personally.)

A corrupt CIA is certainly part of the problem.   After all, the same guy who was the lawyer for the CIA torture unit – and who was mentioned 1,600 times in the Senate intelligence report on torture – is now the chief counsel for the CIA … the guy working so hard to make sure the torture report is never released. (He was also involved in the destruction of tapes documenting CIA torture … discussed more fully below).

And don’t let Obama fool you: The White House is a big part of the problem as well.

Obama has for years prevented the Senate Intelligence report on torture – what the CIA’s spying is all about – from being declassified.

Glenn Greenwald tweets:

Could someone remind me who appointed [CIA director] John Brennan and to whom he reports? Having trouble finding it in most discussions ….

Obama appointed current CIA-director John Brennan, who – before the appointment – had expressly endorsed torture, assassination of unidentified strangers (including Americans) without due process, and spying on all Americans, and got caught in numerous lies related to national security and defense.   (Indeed, Brennan insisted that he be sworn in with a copy of the Constitution which didn’t include the Bill of Rights.)

The White House has also withheld 9,400 documents from the Senate’s CIA torture investigation. McClatchy reports:

The White House has been withholding for five years more than 9,000 top-secret documents sought by the Senate Select Committee on Intelligence for its investigation into the now-defunct CIA detention and interrogation program, even though President Barack Obama hasn’t exercised a claim of executive privilege.

In contrast to public assertions that it supports the committee’s work, the White House has ignored or rejected offers in multiple meetings and in letters to find ways for the committee to review the records, a McClatchy investigation has found.

And Senator Mark Udall said that Obama knew about the CIA’s spying on Congress.

Not Just the CIA … And Not a New Problem

But it’s not just the CIA.   And there has been a constitutional crisis for a long time.

For example, the FBI collected files on everyone.  As the New York Times reports:

J. Edgar Hoover compiled secret dossiers on the sexual peccadillos and private misbehavior of those he labeled as enemies — really dangerous people like … President John F. Kennedy, for example.

The NSA has been spying on – and intimidating – its “overseers” in Washington.  Indeed, the NSA spied on anti-war Congress members in the 1970s … including the chair of the Congressional Committee investigating illegal NSA spying.

One of the NSA  whistleblower sources for the big 2005 New York Times exposé on illegal spying – Russel Tice – says that the NSA illegally spied on General Petraeus and other generals, Supreme Court Justice Alito and all of the other supreme court justices, the White House spokesman, and many other top officials.

The Washington Times reported in 2006 that – when Tice offered to testify to Congress about this illegal spying – he was informed by the NSA that the Senate and House intelligence committees were not cleared to hear such information:

Renee Seymour, director of NSA special access programs stated in a Jan. 9 letter to Russ Tice that he should not testify about secret electronic intelligence programs because members and staff of the House and Senate intelligence committees do not have the proper security clearances for the secret intelligence.

(And see this.)

Former high-level NSA executive Bill Binney points out how absurd that statement is:

Russ Tice … was prepared to testify to Congress to this, too, and so NSA sent him a letter saying, we agree that you have a right to go to Congress to testify, but we have to advise you that the intelligence committees that you want to testify to are not cleared for the programs you want to speak about. Now, that fundamentally is an open admission … by NSA that they are violating the intelligence acts of 1947 and 1978, which require NSA and all other intelligence agencies to notify Congress of all the programs that they’re running so they can have effective oversight, which they’ve never had anyway.

Binney confirmed to Washington’s Blog:

The violations of law and the constitution are being openly admitted by both Congress and the NSA.

The Other Story Getting Lost In the Shuffle

And there’s another story getting lost in the shuffle …

Sure, the top independent interrogation experts say that torture is ineffective … and actually harmsnational security. You’ve probably already heard arguments one way or the other on this issue, and likely have made up your mind about it.

But remember, the torture used by the U.S. on the Guantanamo suspects was of a “special” type.

Specifically, Senator Levin revealed that the the U.S. used Communist torture techniques specifically aimed at creating false confessions. And see these important reports from McClatchyNew York TimesCNN and Huffington Post.

In other words, we’re not just talking about torture.  We’re talking about deploying a special type of torture in order to get FALSE confessions.

In addition, the Atlantic notes:

America is likely to torture again, if we aren’t doing it already.

(And see this and this.)

A related part of this underreported story is that the CIA’s torture program ended up deceiving the 9/11 Commission. Specifically, the 9/11 Commission Report was largely based on third-hand accountsof what tortured detainees said, with two of the three parties in the communication being government employees. The 9/11 Commissioners were not allowed to speak with the detainees, or even their interrogators. Instead, they got their information third-hand. The Commission itself didn’t really trust the interrogation testimony… yet published it as if it were Gospel.

New York Times investigative reporter Philip Shenon noted in a 2009 essay in Newsweek that the 9/11 Commission Report was unreliable because most of the information was based on the statements of tortured detainees.

NBC News reported:

  • Much of the 9/11 Commission Report was based upon the testimony of people who were tortured
  • At least four of the people whose interrogation figured in the 9/11 Commission Report have claimed that they told interrogators information as a way to stop being “tortured.”
  • One of the Commission’s main sources of information was tortured until he agreed to sign a confession that he was NOT EVEN ALLOWED TO READ
  • The 9/11 Commission itself doubted the accuracy of the torture confessions, and yet kept their doubts to themselves

And the CIA videotaped the interrogation of 9/11 suspects, but falsely told the 9/11 Commission that there were no videotapes or other records of the interrogations, and then illegally destroyed all of the tapes and transcripts of the interrogations. (As discussed above, the current head CIA lawyer helped to destroy the tapes.)

9/11 Commission co-chairs Thomas Keane and Lee Hamilton wrote:

Those who knew about those videotapes — and did not tell us about them — obstructed our investigation.

***

Government officials decided not to inform a lawfully constituted body, created by Congress and the president, to investigate one the greatest tragedies to confront this country. We call that obstruction.

In other words,  we’ve got a rogue government.  That’s the big story behind the CIA-congressional battle.

The Big Secret Behind the CIA-Congressional Battle Washington's Blog

The Big Secret Behind the CIA-Congressional Battle Washington’s Blog.

What You DON’T KNOW About CIA Fight with Congress

You’ve heard that there’s a big battle between the CIA and Congress over the CIA spying on the Senate Intelligence Committee’s review of documents related to the Bush-era torture program.

Many are calling it a “constitutional crisis“. House Oversight Committee Chairman Darrell Issa calls it potential “treason“.

The congress members complaining about spying by the CIA are right, of course.

But they are hypocrites. Specifically, these same congress members  didn’t raise a peep when the government was spying on the people … and instead defended the government’s mass surveillance at every opportunity.

There are hundreds of thousands of Google hits for the search term “Hypocrisy CIA Senate Feinstein“.

High-level NSA whistleblower Bill BinneyEdward Snowden, a very high-level former CIA officer, aformer FBI agent and many others are all slamming Congress for the hypocrisy

Even Jon Stewart has lambasted them:

(And this isn’t the first time that Congress has been hypocritical when the spying was turned against them personally.)

A corrupt CIA is certainly part of the problem.   After all, the same guy who was the lawyer for the CIA torture unit – and who was mentioned 1,600 times in the Senate intelligence report on torture – is now the chief counsel for the CIA … the guy working so hard to make sure the torture report is never released. (He was also involved in the destruction of tapes documenting CIA torture … discussed more fully below).

And don’t let Obama fool you: The White House is a big part of the problem as well.

Obama has for years prevented the Senate Intelligence report on torture – what the CIA’s spying is all about – from being declassified.

Glenn Greenwald tweets:

Could someone remind me who appointed [CIA director] John Brennan and to whom he reports? Having trouble finding it in most discussions ….

Obama appointed current CIA-director John Brennan, who – before the appointment – had expressly endorsed torture, assassination of unidentified strangers (including Americans) without due process, and spying on all Americans, and got caught in numerous lies related to national security and defense.   (Indeed, Brennan insisted that he be sworn in with a copy of the Constitution which didn’t include the Bill of Rights.)

The White House has also withheld 9,400 documents from the Senate’s CIA torture investigation. McClatchy reports:

The White House has been withholding for five years more than 9,000 top-secret documents sought by the Senate Select Committee on Intelligence for its investigation into the now-defunct CIA detention and interrogation program, even though President Barack Obama hasn’t exercised a claim of executive privilege.

In contrast to public assertions that it supports the committee’s work, the White House has ignored or rejected offers in multiple meetings and in letters to find ways for the committee to review the records, a McClatchy investigation has found.

And Senator Mark Udall said that Obama knew about the CIA’s spying on Congress.

Not Just the CIA … And Not a New Problem

But it’s not just the CIA.   And there has been a constitutional crisis for a long time.

For example, the FBI collected files on everyone.  As the New York Times reports:

J. Edgar Hoover compiled secret dossiers on the sexual peccadillos and private misbehavior of those he labeled as enemies — really dangerous people like … President John F. Kennedy, for example.

The NSA has been spying on – and intimidating – its “overseers” in Washington.  Indeed, the NSA spied on anti-war Congress members in the 1970s … including the chair of the Congressional Committee investigating illegal NSA spying.

One of the NSA  whistleblower sources for the big 2005 New York Times exposé on illegal spying – Russel Tice – says that the NSA illegally spied on General Petraeus and other generals, Supreme Court Justice Alito and all of the other supreme court justices, the White House spokesman, and many other top officials.

The Washington Times reported in 2006 that – when Tice offered to testify to Congress about this illegal spying – he was informed by the NSA that the Senate and House intelligence committees were not cleared to hear such information:

Renee Seymour, director of NSA special access programs stated in a Jan. 9 letter to Russ Tice that he should not testify about secret electronic intelligence programs because members and staff of the House and Senate intelligence committees do not have the proper security clearances for the secret intelligence.

(And see this.)

Former high-level NSA executive Bill Binney points out how absurd that statement is:

Russ Tice … was prepared to testify to Congress to this, too, and so NSA sent him a letter saying, we agree that you have a right to go to Congress to testify, but we have to advise you that the intelligence committees that you want to testify to are not cleared for the programs you want to speak about. Now, that fundamentally is an open admission … by NSA that they are violating the intelligence acts of 1947 and 1978, which require NSA and all other intelligence agencies to notify Congress of all the programs that they’re running so they can have effective oversight, which they’ve never had anyway.

Binney confirmed to Washington’s Blog:

The violations of law and the constitution are being openly admitted by both Congress and the NSA.

The Other Story Getting Lost In the Shuffle

And there’s another story getting lost in the shuffle …

Sure, the top independent interrogation experts say that torture is ineffective … and actually harmsnational security. You’ve probably already heard arguments one way or the other on this issue, and likely have made up your mind about it.

But remember, the torture used by the U.S. on the Guantanamo suspects was of a “special” type.

Specifically, Senator Levin revealed that the the U.S. used Communist torture techniques specifically aimed at creating false confessions. And see these important reports from McClatchyNew York TimesCNN and Huffington Post.

In other words, we’re not just talking about torture.  We’re talking about deploying a special type of torture in order to get FALSE confessions.

In addition, the Atlantic notes:

America is likely to torture again, if we aren’t doing it already.

(And see this and this.)

A related part of this underreported story is that the CIA’s torture program ended up deceiving the 9/11 Commission. Specifically, the 9/11 Commission Report was largely based on third-hand accountsof what tortured detainees said, with two of the three parties in the communication being government employees. The 9/11 Commissioners were not allowed to speak with the detainees, or even their interrogators. Instead, they got their information third-hand. The Commission itself didn’t really trust the interrogation testimony… yet published it as if it were Gospel.

New York Times investigative reporter Philip Shenon noted in a 2009 essay in Newsweek that the 9/11 Commission Report was unreliable because most of the information was based on the statements of tortured detainees.

NBC News reported:

  • Much of the 9/11 Commission Report was based upon the testimony of people who were tortured
  • At least four of the people whose interrogation figured in the 9/11 Commission Report have claimed that they told interrogators information as a way to stop being “tortured.”
  • One of the Commission’s main sources of information was tortured until he agreed to sign a confession that he was NOT EVEN ALLOWED TO READ
  • The 9/11 Commission itself doubted the accuracy of the torture confessions, and yet kept their doubts to themselves

And the CIA videotaped the interrogation of 9/11 suspects, but falsely told the 9/11 Commission that there were no videotapes or other records of the interrogations, and then illegally destroyed all of the tapes and transcripts of the interrogations. (As discussed above, the current head CIA lawyer helped to destroy the tapes.)

9/11 Commission co-chairs Thomas Keane and Lee Hamilton wrote:

Those who knew about those videotapes — and did not tell us about them — obstructed our investigation.

***

Government officials decided not to inform a lawfully constituted body, created by Congress and the president, to investigate one the greatest tragedies to confront this country. We call that obstruction.

In other words,  we’ve got a rogue government.  That’s the big story behind the CIA-congressional battle.

Dianne Feinstein: CIA May Have Broken The Law To Spy On Senate Staff

Dianne Feinstein: CIA May Have Broken The Law To Spy On Senate Staff.

Posted: 03/11/2014 10:47 am EDT Updated: 03/11/2014 1:59 pm EDT

 

WASHINGTON — Sen. Dianne Feinstein (D-Calif.) delivered a devastating broadside against the CIA Tuesday, alleging that the agency was trying to intimidate Congress and may have broken the law in spying on Senate staffers.

Feinstein, head of the Senate Intelligence Committee, was responding to CIA charges that Senate staffers had hacked CIA computers to learn that the spy agency was in fact spying on the people charged with overseeing its activities. Those revelations surfaced last week, prompting the countercharge against the CIA and a CIA complaint to the Justice Department.

But Feinstein, who is often a strong defender of the intelligence community, hammered the agency in a morning Senate floor speech, saying that the CIA knew of every step the Intelligence Committee staffers took and that the CIA provided all the documents that the agency later questioned.

To allege that staffers may have broken the law was dishonest, she said, and smacked of an attempt to bully civilians responsible for checking agency abuses.

“Our staff involved in this matter have the appropriate clearances, handled the sensitive material according to established procedures and practice to protect classified information, and were provided access to the [documents] by the CIA itself,” Feinstein said. “As a result, there is no legitimate reason to allege to the Justice Department that Senate staff may have committed a crime. I view the [CIA’s] acting general counsel’s referral [to the Justice Department] as a potential effort to intimidate this staff, and I am not taking it lightly.”

Feinstein also rattled her own saber, noting that the CIA official who referred the matter to the Justice Department was himself at the center of the very CIA interrogation techniques her committee is currently investigating. The Intelligence Committee has prepared a secret, 6,000-page report on the agency’s interrogation programs that is expected to outline a number of illegal activities and bring into question the value of such programs.

The remarkable flare-up stems from an agreement between the CIA and the committee that the agency could monitor the committee’s use of the agency’s computers, which were provided to Senate staffers in a secure room at the CIA. Staffers were able to analyze millions of documents on the computers in order to create the report on CIA interrogation techniques.

Feinstein also said Tuesday that she is pushing the White House to find a way to release that classified 6,000-page report so that the public can learn what the CIA has done in its name.

“I have asked for an apology, and a recognition that this CIA search of computers used by this oversight committee was inappropriate. I have received neither,” Feinstein said. “Besides the constitutional implications, the CIA search may have violated the Fourth Amendment, the Computer Fraud and Abuse Act, as well as [an executive order], which bars the CIA from conducting domestic surveillance.”

Feinstein added that the CIA’s inspector general, David Buckley, has referred the CIA’s actions to the Justice Department for investigation.

The DOJ and CIA could not immediately be reached for comment. A CIA spokesman deferred comment to CIA Director John Brennan, who was expected to speak at 11 a.m. EDT.

UPDATE: 11:45 a.m. ET — Brennan later adamantly denied that the CIA had broken any laws, but allowed that all the facts were not yet out.

“As far as allegations about CIA hacking into Senate computers, nothing could be further from the truth. We wouldn’t do that. That’s just beyond the scope of reason,” Brennan said, speaking at the Council on Foreign Relations.

But pushed by NBC News’ Andrea Mitchell, who was moderating the event, Brennan admitted that there was considerable doubt about what has happened.

“Appropriate authorities right now, both inside of CIA as well as outside of CIA, are looking at what CIA officers as well as what [Senate] staffers did,” Brennan said. “I defer to them.”

Asked what he would do if Feinstein’s allegations prove true, Brennan demurred, and suggested lawmakers should cool down.

“I will deal with the facts as uncovered in the appropriate manner,” he said. “I would just encourage members of the Senate to take their time, to make sure that they don’t overstate what they claim and what they probably believe to be the truth. These are some complicated matters.”

He left whether or not he should keep his job to President Barack Obama.

“If I did something wrong, I will go to the president and I will explain to him exactly what I did, and what the findings were. And he is the one who can ask me to stay or go,” Brennan said.

The 6,000-page report is extremely sensitive to the intelligence agency, and advocates of publicizing the report have accused the CIA of dragging its feet.

Brennan denied any intentional delays as well.

“We are not in any way, shape or form trying to thwart this report’s progression or release,” he said. Admitting that practices such as waterboarding — which Obama has banned — represent a dark chapter in the CIA’s record, he added, “We want this behind us.”

UPDATE: 1:51 p.m. — Asked later about Brennan’s pushback and how the facts of the dispute might ultimately come out, Feinstein stood her ground. “The facts just did come out,” she told several reporters on Capitol Hill.

UPDATE: 1:56 p.m. — White House press secretary Jay Carney later ducked the issue, reiterating that the investigation falls to the CIA’s inspector general.

President Obama has “great confidence” in Brennan, Carney said during his daily briefing. He added that if there has been any “inappropriate activity,” the president “would want to get to the bottom of it.”

Read Feinstein’s speech in full here.

This is a developing story and will be updated.

oftwominds-Charles Hugh Smith: The Dollar and the Deep State

oftwominds-Charles Hugh Smith: The Dollar and the Deep State.

If we consider the Fed’s policies (tapering, etc.) solely within the narrow confines of the corporatocracy or a strictly financial context, we are in effect touching the foot of the elephant and declaring the creature to be short and roundish.

I have been studying the Deep State for 40 years, before it had gained the nifty name “deep state.” What others describe as the Deep State I term the National Security State which enables the American Empire, a vast structure that incorporates hard and soft power–military, diplomatic, intelligence, finance, commercial, energy, media, higher education–in a system of global domination and influence.

Back in 2007 I drew a simplified chart of the Imperial structure, what I called the Elite Maintaining and Extending Global Dominance (EMEGD):

At a very superficial level, some pundits have sought a Master Control in the Trilateral Commission or similar elite gatherings. Such groups are certainly one cell within the Empire, but each is no more important than other parts, just as killer T-cells are just one of dozens of cell types in the immune system.

One key feature of the Deep State is that it makes decisions behind closed doors and the surface government simply ratifies or approves the decisions. A second key feature is that the Deep State decision-makers have access to an entire world of secret intelligence.

Here is an example from the late 1960s, when the mere existence of the National Security Agency (NSA) was a state secret. Though the Soviet Union made every effort to hide its failures in space, it was an ill-kept secret that a number of their manned flights failed in space and the astronauts died.

The NSA had tapped the main undersea cables, and may have already had other collection capabilities in place, for the U.S. intercepted a tearful phone call from Soviet Leader Brezhnev to the doomed astronauts, a call made once it had become clear there was no hope of their capsule returning to Earth.

Former congressional staff member Mike Lofgren described the Deep State in his recent essay Anatomy of the Deep State:

There is another, more shadowy, more indefinable government that is not explained in Civics 101 or observable to tourists at the White House or the Capitol. The subsurface part of the iceberg I shall call the Deep State, which operates according to its own compass heading regardless of who is formally in power.

The term “Deep State” was coined in Turkey and is said to be a system composed of high-level elements within the intelligence services, military, security, judiciary and organized crime.

I use the term to mean a hybrid association of elements of government and parts of top-level finance and industry that is effectively able to govern the United States without reference to the consent of the governed as expressed through the formal political process.

I would say that only senior military or intelligence officers have any realistic grasp of the true scope, power and complexity of the Deep State and its Empire.Those with no grasp of military matters cannot possibly understand the Deep State. If you don’t have any real sense of the scope of the National Security State, you are in effect touching the foot of the elephant and declaring the creature is perhaps two feet tall.

The Deep State arose in World War II, as the mechanisms of electoral governance had failed to prepare the nation for global war. The goal of winning the war relegated the conventional electoral government to rubber-stamping Deep State decisions and policies.

After the war, the need to stabilize (if not “win”) the Cold War actually extended the Deep State. Now, the global war on terror (GWOT) is the justification.

One way to understand the Deep State is to trace the vectors of dependency. The Deep State needs the nation to survive, but the nation does not need the Deep State to survive (despite the groupthink within the Deep State that “we are the only thing keeping this thing together.”)

The nation would survive without the Federal Reserve, but the Federal Reserve would not survive without the Deep State. The Fed is not the Deep State; it is merely a tool of the Deep State.

This brings us to the U.S. dollar and the Deep State. The Deep State doesn’t really care about the signal noise of the economy–mortgage rates, minimum wages, unemployment, etc., any more that it cares about the political circus (“step right up to the Clinton sideshow, folks”) or the bickering over regulations by various camps.

What the Deep State cares about are the U.S. dollar, water, energy, minerals and access to those commodities (alliances, sea lanes, etc.). As I have mentioned before, consider the trade enabled by the reserve currency (the dollar): we print/create money out of thin air and exchange this for oil, commodities, electronics, etc.

If this isn’t the greatest trade on Earth–exchanging paper for real stuff– what is?While I am sympathetic to the strictly financial arguments that predict hyper-inflation and the destruction of the U.S. dollar, they are in effect touching the toe of the elephant.

The financial argument is this: we can print money but we can’t print more oil, coal, ground water, etc., and so eventually the claims on real wealth (i.e. dollars) will so far exceed the real wealth that the claims on wealth will collapse.

So far as this goes, it makes perfect sense. But let’s approach this from the geopolitical-strategic perspective of the Deep State: why would the Deep State allow policies that would bring about the destruction of its key global asset, the U.S. dollar?

There is simply no way the Deep State is going to support policies that would fatally weaken the dollar, or passively watch a subsidiary of the Deep State (the Fed) damage the Deep State itself.

The strictly financial arguments for hyper-inflation and the destruction of the U.S. dollar implicitly assume a system that operates like a line of dominoes: if the Fed prints money, that will inevitably start the dominoes falling, with the final domino being the reserve currency.

Setting aside the complexity of Triffin’s Paradox and other key dynamics within the reserve currency, we can safely predict that the Deep State will do whatever is necessary to maintain the dollar’s reserve status and purchasing power.

Understanding the “Exorbitant Privilege” of the U.S. Dollar (November 19, 2012)

What Will Benefit from Global Recession? The U.S. Dollar (October 9, 2012)

Recall Triffin’s primary point: countries like China that run trade surpluses cannot host reserve currencies, as that requires running large structural trade deficits.

In my view, the euro currency is a regional experiment in the “bancor” model,where a supra-national currency supposedly eliminates Triffin’s Paradox. It has failed, partly because supra-national currencies don’t resolve Triffin’s dilemma, they simply obfuscate it with sovereign credit imbalances that eventually moot the currency’s ability to function as intended.

Many people assume the corporatocracy rules the nation, but the corporatocracy is simply another tool of the Deep State. Many pundits declare that the Powers That Be want a weaker dollar to boost exports, but this sort of strictly financial concern is only of passing interest to the Deep State.
The corporatocracy (banking/financialization, etc.) has captured the machinery of regulation and governance, but these are surface effects of the electoral government that rubber-stamps policies set by the Deep State.

The corporatocracy is a useful global tool of the Deep State, but its lobbying of the visible government is mostly signal noise to the Deep State. The only sectors that matter are the defense, energy, agriculture and international financial sectors that supply the Imperial Project and project power.

What would best serve the Deep State is a dollar that increases in purchasing power and extends the Deep State’s power. It is widely assumed that the Fed creating a few trillion dollars has created a massive surplus of dollars that will guarantee a slide in the dollar’s purchasing power and its demise as the reserve currency.

Those who believe the Fed’s expansion of its balance sheet will weaken the dollar are forgetting that from the point of view of the outside world, the Fed’s actions are not so much expanding the supply of dollars as offsetting the contraction caused by deleveraging.

I would argue that the dollar will soon be scarce, and the simple but profound laws of supply and demand will push the dollar’s value not just higher but much higher. The problem going forward for exporting nations will be the scarcity of dollars.

If we consider the Fed’s policies (tapering, etc.) solely within the narrow confines of the corporatocracy or a strictly financial context, we are in effect touching the foot of the elephant and declaring the creature to be short and roundish. The elephant is the Deep State and its Imperial Project.

UAE, Egypt plotting coup in Libya, say Libyan RoR rebels | StratRisks

UAE, Egypt plotting coup in Libya, say Libyan RoR rebels | StratRisks.

Source: WB

Libya Shield

The Libyan “Revolutionaries Operations Room” (ROR) said that it acquired “documented information” regarding plots by the UAE and Egyptian military-led authorities to meddle in Libyan affairs and to abort the Libyan revolution.

According to the Middle East Monitor, in a Facebook statement the ROR claimed that UAE’s security agencies has recently formed two “cells” to circumvent the Libyan revolution and to stop Libyan oil exports.

The statement read: “We received information that UAE’s security apparatus has formed two high level cells. The first aims at overthrowing the new Libyan regime, the Libyan National Congress, and confronting the rise of Islamists. The second cell is a specialized media one based in Amman, Jordan.”

According to the statement, the “media cell” is primarily tasked with disseminating news that would serve the agenda of the “security cell”. Part of its agenda is to distort the image of Islamists, particularly with their rising popularity in Libya, the statement claims.

The ROR claimed that it obtained all information related to the “security cell” in Libya, and that it is led and funded by the UAE. It claimed that the cell has been operating in Libya since January 26, 2013.

“A high level Libyan source told ROR that a group affiliated with Mahmoud Gebril abducted Abu Anas Al-Libi based on a request from the UAE which immediately handed him over to the American CIA.”

The statement claimed that Sheikh Tahnoun Bin Zayed Al-Nahyan leads the security cell, while the members of the cell are counter-revolutionary figures in Libya, including Al-Saadi Al-Ghadhafi who managed to escape from the rebels, and a Libyan close to the Egyptian coup leader Abdel-Fattah Al-Sisi.

The ROR affirmed that the “security cell” is based in Abu Dhabi, and convenes regularly with the protection of UAE security.

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Following the Bodies: “We Are at the Precipice of Something So Big, It Will shake the Financial World”

Following the Bodies: “We Are at the Precipice of Something So Big, It Will shake the Financial World”.

Douglas J. Hagmann
February 15th, 2014
Northeast Intelligence Network

Editor’s Note: In the investigative report below, Douglas Hagmann of the Northeast Intelligence Network delves deep into a world that most only believe exists in the realm of cinematic thrillers. It’s one of intrigue, corruption and murder, and it involves some of the world’s most influential firms, business leaders and politicians. There are billions, if not trillions, of dollars on the line. When the nefarious agendas of these sycophants are threatened it’s not much of a stretch of the imagination to suggest that those involved will do whatever is necessary to protect their wealth, power and influence. For them, the only way to deal with the problem is to silence it – permanently.

One can chalk off the recent string of banker suicides to coincidence, but what if there were more to it? What if, for example, 39 year old Vice President of JP Morgan Gabriel Magee, who emailed his girlfriend to tell her he was “leaving the office and would see her shortly,” didn’t actually throw himself off of a 33-story building in what police claim was a “non-suspicious” fatal fall? What if the circumstances surrounding many of the deaths of these bankers and a Wall Street Journal financial reporter were the result of, as one financial insider noted a week before the deaths unfolded, a “clean up” of people who knew too much and posed a threat to the overall agenda? Much of this may be difficult to stomach for some, but considering that the people responsible for collapsing the global economy five years ago not only never faced justice for their crimes, but were rewarded with billion dollar bank deals as a result, is it foolish to suggest that there’s much more going on here than the mainstream media and Justice department officials would have us believe?

It all just seems… a bit too convenient.

Banker-Conspiracy


Exposing what lies beneath the bodies of dead bankers and what lies ahead for us
By Douglas Hagmann

I feel that this is one of the most important investigations I’ve ever done. If my findings are correct, each of us might soon experience a severe, if not crippling blow to our personal finances, the confiscation of any wealth some of us have been able to accumulate over our lifetimes, and the end of the financial world as we once knew it.  The evidence to support my findings exists in the trail of dead bodies of financial executives across the globe and a missing Wall Street Journal Reporter who was working at the Dow Jones news room at the time of his disappearance.

If the bodies were dots on a piece of paper, connecting them results in a sinister picture being drawn that involves global criminal activity in the financial world the likes of which is almost without precedent.  It should serve as a warning that we are at the precipice of something so big, it will shake the financial world as we know it to its core. It seems to illustrate the complicity of big banks and governments, the intelligence community, and the media.

Although the trail of mysterious and bizarre deaths detailed below begin in late January, 2014, there are others. Not only that, there will be more, according to sources within the financial world. Based on my findings, these are not mere random, tragic cases of suicide, but of the methodical silencing of individuals who had the ability to expose financial fraud at the highest levels, and the complicity of certain governmental agencies and individuals who are engaged in the greatest theft of wealth the world has ever seen.

It is often said that life imitates art. In the case of the dead financial executives, perhaps death imitates theater, or more specifically, the movie The International, which was coincidentally released in U.S. theaters exactly five years ago today.

We are told by the media that the untimely deaths of these young men and men in their prime are either suicides or tragic accidents. We are told what to believe by the captured and controlled media, regardless of how unusual or unlikely the circumstances, or how implausible the explanation. Such are the hallmarks of high level criminality and the involvement of a certain U.S. intelligence agency intent on keeping the lid on money laundering on a global scale.

Obviously, it is important that this topic is approached with the utmost respect for the families of those who died, that they be allowed to grieve for the loss of their loved ones in private. However, it is extremely important that the truth about what is happening in the global financial arena is not kept from us, as we will also be victims of a different nature.

The missing and the dead: a timeline

The following is provided as a chronological list of those who have gone missing or been found dead under mysterious circumstances. It is important to note that this list consists of names of the most recent incidents. There are more that extend back through 2012 and beyond.

January 11, 2014

MISSING: David Bird, 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room, went for a walk on Saturday, January 11, 2014 near his New Jersey home and disappeared without a trace. Mr. Bird was a reporter of the oil and commodity markets which happened to be under investigation by the U.S. Senate Permanent Subcommittee on Investigations for price manipulation.

January 26, 2014

DECEASED: Tim Dickenson, a U.K.-based communications director at Swiss Re AG, was reportedly found dead under undisclosed circumstances.

DECEASED: William Broeksmit, 58, former senior manager for Deutsche Bank, was found hanging in his home from an apparent suicide. It is important to note that Deutsche Bank is under investigation for reportedly hiding $12 billion in losses during the financial crisis and for potentially rigging the foreign exchange markets. The allegations are similar to the claims the institution settled in 2013 over involvement in rigging the Libor interest rates.

January 27, 2014

DECEASED:  Karl Slym, 51, Managing director of Tata Motors was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he “could” have committed suicide. He was staying on the 22nd floor with his wife, and was attending a board meeting in the Thai capital.

January 28, 2014

DECEASED:  Gabriel Magee, 39, a JP Morgan employee, died after reportedly “falling” from the roof of its European headquarters in London in the Canary Wharf area. Magee was vice president at JPMorgan Chase & Co’s (JPM) London headquarters.

Gabriel Magee, a Vice President at JPMorgan in London, plunged to his death from the roof of the 33-story European headquarters of JPMorgan in Canary Wharf. Magee was involved in “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives” based on his online Linkedin profile.

It’s important to note that JPMorgan, like  Deutsche Bank, is under investigation for its potential involvement in rigging foreign exchange rates. JPMorgan is also reportedly under investigation by the same U.S. Senate Permanent Subcommittee on Investigations for its alleged involvement in rigging the physical commodities markets in the U.S. and London.

Regarding the initial reports of his death, journalist Pam Martens of Wall Street on Paradeastutely exposed the controlled, scripted details of the media accounts surrounding Magee’s death in an article written on February 9, 2014. Ms. Martens writes:

“According to numerous sources close to the investigation of Gabriel Magee’s death, almost nothing thus far reported about his death has been accurate. This appears to stem from an initial poorly worded press release issued by the Metropolitan Police in London which may have been a result of bad communications between it and JPMorgan or something more deliberate on someone’s part.” [Emphasis added].

Ms. Martens also notes:

No solid evidence exists currently to suggest that the death was a suicide. In fact, there is a strong piece of evidence pointing in the opposite direction. Magee had emailed his girlfriend, Veronica, on the evening of January 27 to say that he was about to leave the office and would see her shortly. [Emphasis added].

Based on information she developed, it appears likely that Magee did not meet his fate on the morning his body was discovered, but hours earlier. Considering the possibility that Magee might now have died in the manner publicized, Ms. Martens offers speculation, and notes it as such:

If Magee became aware that incriminating emails, instant messages, or video teleconferences were not turned over in their entirety to Senate investigators or Justice Department prosecutors, that might be reason enough for his untimely death.

Looking at the death of Magee in the context of a larger conspiracy, it is difficult not to suspect foul play and media manipulation.

January 29, 2014

DECEASED: Mike Dueker, 50, who had worked for Russell Investment for five years, was found dead close to the Tacoma Narrows Bridge in Washington State. Dueker was reported missing on January 29, 2014. Police stated that he “could have” jumped over a fence and fallen 15 meters to his death, and are treating the case as a suicide.

Before joining Russell Investments, Dueker was an assistant vice president and research economist at the Federal Reserve Bank of St. Louis from 1991 to 2008. There he served as an associate editor of the Journal of Business and Economic Statistics and was editor ofMonetary Trends, a monthly publication of the St. Louis Federal Reserve.

In November 2013, the New York Times reported that Russell Investments was one of several investment companies that were under subpoena from New York State regulators investigating potential “pay-to-play” schemes involving New York pension funds.

February 3, 2014

DECEASED: Ryan Henry Crane, 37, was the Executive Director in JPMorgan’s Global Equities Group. Of particular relevance is that Crane oversaw all of the trade platforms and had close working ties with the now deceased Gabriel Magee of JPMorgan’s London desk. The ties between Mr. Crane and Mr. Magee are undeniable and outright troublesome. The cause of death has not yet been determined, pending the results of a toxicology report.

February 6, 2014

DECEASED: Richard Talley, 57, was the founder and CEO of American Title, a company he founded in 2001. Talley and his company were under investigation by state insurance regulators at the time of his death. He was found in the garage of his Colorado home by a family member who called authorities. Talley reportedly died from seven or eight “self-inflicted” wounds from a nail gun fired into his torso and head.

The enormity of the lie

One must look back far enough to understand the enormity of the lie and the criminality of bankers and governments alike. We must understand the legal restraints that were severed during the Clinton years and the congress that changed the rules regarding financial institutions. We must understand that the criminal acts were bold and bipartisan, and were designed to consolidate wealth through the destruction of the middle class. All of this is part of a much larger plan to establish a one world economy by “killing” the U.S. dollar and consequently, eradicating the middle class by a cabal of globalists that existed and continue to exist within all sectors of our government. The results will be crippling to not just the United States, but the entire Western world.

What began decades ago is now becoming more transparent under the Obama regime. Perhaps that’s the transparency Obama promised, for we’ve seen little else in terms of transparency with regard to the man known as Barack Hussein Obama. For those not locked into the captured corporate media, we’re starting to see the truth emerging. The truth is that we’ve been living under a giant Ponzi scheme and we, the American citizens, are the suckers. As illustrated by the list of dead bankers above, however, the power elite need a bit more time before the extent of their criminality is revealed. The need a bit more time to transfer the remaining wealth from middle-class America to their private coffers. Timing is everything, and a magic act only works when all props are in place before the illusion is performed. Only when their timing is right will the slumbering Americans realize the extent of the illusion by which they’ve been entranced, at which time they will be forced into submission to accept a financial reset that will ultimately subjugate them to a global economy. I contend that this is the reason for the recent spate of deaths, for those who met their tragic and untimely end had the ability to expose this nefarious agenda by what they knew or discovered, or what they would reveal under subpoena and the damage they could cause to the globalist financial agenda.

It is an insult to the public intellect that the media so readily pushes the official line that the deaths were all suicides given the unusual circumstances surrounding nearly all of those listed. This itself should be ringing alarm bells with anyone of reasonable sensibilities, or at last those who are paying the slightest bit of attention to the larger picture. The media is either complicit or completely inept. While incompetence is evident in many areas, even the most inept journalist or media company cannot possible deny what exists directly in front of them. They can only withhold the truth.

Connecting the dots

To understand what is taking place, I contacted a financial source who has accurately predicted many events that we are now seeing taking place, including the deaths of certain financial people for an explanation. In fact, he actually predicted that we would see a “clean-up” of individuals who posed a serious threat to certain too-big-to-fail-or-jail banks and “banksters” a full week before the events began to unfold. Truth be told, I initially greeted his prediction with some skepticism, for such things don’t really happen in the real world, or so the obedient and well-managed media tells me.

V, The Guerrilla Economist” as he is known in the alternative media, has provided numerous insider alerts for Steve Quayle‘s website and has appeared as a regular guest on The Hagmann & Hagmann Report. He has an undeniable track record for accuracy, which has earned my respect. However, I thought that he had taken temporary leave of his senses when he twice suggested that there will be some house cleaning done of anyone posing a threat to the agenda of certain banks and the globalist agenda on our broadcasts of November 20, 2013 and again on January 10, 2014. In a separate venue, he described what was about to take place by using the analogy of the movie The International. Several dead bodies and a missing journalist later, that analogy has been proven accurate.

The fact is that we are seeing a clean-up where JPMorgan and Deutsche Bank seems to appear at the epicenter of it all. In January, JPMorgan admitted facilitating the Bernie Madoff Ponzi scheme by turning its head to his activities.  Despite this admission, the U.S. Department of Justice under Eric Holder declined to send anyone to jail under a deferred prosecution agreement. Yet this is only the proverbial tip of the iceberg.

In March, 2013, the U.S. Senate Permanent Subcommittee on Investigations released a heavily redacted 307-page report detailing the financial irregularities surrounding the actions of JPMorgan and the deliberate withholding of critical financial information by JPMorgan. Prominent in the mix are the actions of Bruno Iksil, who earned the nickname the “London Whale,” for his “casino bets” of others money that caused billions of dollars in losses. Yet, no cooperation was provided by Dimon’s foot soldiers as they failed to testify or otherwise cooperate with Senate investigators.

Remember the damage control and the deliberate downplaying by Jamie Dimon, who maintained that there was nothing to see here with regard to the “London Whale” criminal activities? What was originally described as a loss of perhaps $2 billion ultimately turned into many more times that, yet the actual numbers are still hidden from the public. Such events occurred under the noses of numerous financial executives who had knowledge that went undisclosed.

As we fast forward to today and the current spate of mysterious deaths, we begin to see that many of those who died existed on the periphery of events in the criminal actions of the financial industry. Moreover, it is reasonable to conclude that they possessed knowledge that if disclosed, could have interrupted the magic act taking place for the awestruck audience, captivated by the carefully crafted words of Yellen, her predecessors and the operatives within government who’s duty it is to regulate whatever is left of our current financial system.

That regulation is now a thing of the past. What we have today is a system of facilitation and co-operation between the largest corporations and financial institutions and the U.S. and our intelligence agencies. We now have the “too-big-to-fails” operating with impunity as a result of an incestuous, if not outright unconstitutional relationship where the banks are acting as operational assets for the CIA, the NYPD, and other intelligence and police agencies.

The JPMorgan-CIA-NYPD connection

Perhaps one of the best kept secrets, at least from the majority of the American public, is the integration and overlap between the “too-big-to-fail-and-jail” banks and the most advanced system of surveillance in the U.S. Would it surprise you to learn that the very banks that brought the United States to the brink of financial collapse in 2008, who looted the American public and continue to engage in what most perceive as criminal behavior in the financial venue not only have ties to the CIA, but are actually partnered with the CIA and NYPD surveillance of all of lower Manhattan? That’s right, the big banks such as JPMorgan, Citigroup and others have their own desks and surveillance monitors at a facility known as the Lower Manhattan Security Coordination Center, located at 55 Broadway, deep in the center of New York’s financial district.

The big banks—the very banks that have been the focus of fraud and corruption investigations have their own system of cameras, more than 2,000 in number, and operate them in tandem with NYPD surveillance cameras at a center that was funded with taxpayer money. Every square inch of lower Manhattan is under surveillance 24/7, not just by NYPD, but by JP Morgan and other members of the so-called “one percent.” Carefully consider the implications of this pact.

JPMorgan Chase and others have had long and quite intimate ties with the CIA. Today, however, the line between the banks that control our financial present and future and police and intelligence agencies no longer exist. This relationship of mutual benefit permits the CIA to use the financial institutions to “handle the money” for their various global initiatives, while it provides the banks a stable of “professional assistants” to handle their “security,” whether such security issues arise in the U.S., London, or elsewhere. Highly trained and skilled CIA operatives now work within the system of interlocked financial institutions that have been at the epicenter of the most egregious crimes involving the theft from our bank accounts and retirement savings.

Please stop and consider this for a moment. The very banks and their top executives who have not only brought the U.S. to the brink of financial collapse and Martial Law, engaged or facilitated in various criminal actions that resulted in fines (but no jail time) for the perpetrators, are working hand-in-hand with the CIA. Not only that, they are working in tandem with the NYPD at their surveillance centers, watching and videotaping every move made by anyone—including potential whistleblowers within their vast purview. By the way, this is no ordinary surveillance or surveillance cameras. You won’t find these cameras on the shelves of your local spy shop. These cameras can focus on the footnotes of a book you might be reading, or the words written on a piece of paper being held by an unwitting person. They employ facial recognition and other advanced visual and data aggregation capabilities, and the extent of their technological abilities is increasing every day.

Additionally, the data is collected and maintained, and files are created of people and groups who are merely going about their daily lives. Equally important, files are created and maintained of problem children and groups, like the Occupy movement and others who lawfully exercise their constitutional rights to protest the actions of the one-percent. Consider this in the context of the Occupy Wall Street protests. where the protesters were not only under police surveillance, but surveillance by the banks and their corporate officers against whom they were protesting. And it was all done with the approval and assistance of the police, in this case the NYPD, and U.S. intelligence agencies.

Now consider the plight of a whistleblower who wants to expose criminality within the ranks of a too-big-to-fail. The institution who is engaged in purported criminality based on the findings of the whistleblower can observe the whistleblower’s every move. Where they go, who they meet and what they are carrying to such a meeting. They can be tracked to a residence, a business, or even to their psychiatrist’s office, place of ill repute, or the residence of some significant other outside of their marriage, all of which would be invaluable for blackmail.

Perhaps the potential whistleblower is clean and free from anything that might dissuade them from revealing what they know, their case could be turned over to the in-house security of former CIA agents for proper disposition. It makes the movie The Firm look like child’s play by comparison.

This is not some fanciful delusion. There is proof of this that exists. The New York Civil Liberties Union (NYCLU) has documented the increasingly extensive surveillance being conducted in lower Manhattan and throughout the city. They have verified that  not only are our constitutional rights being violated every minute of every day, but the fruits of surveillance by police and corporate entities are shared between the police, the intelligence agencies and private financial institutions, without restraint on the distribution on such findings.

Are you engaged in a protesting against the criminality of the one-percent? Well, they one-percent are watching you, and they are literally seated right next to the police. Are you a journalist following up on possible “bankster” corruption by meeting a potential whistleblower? You better understand that the bankster target of your investigation is watching you, in real-time, with the complete approval and cooperation of the police. As documented by the NYCLU, you are likely now “on file,” and all data compiled is maintained and accessible not just to law enforcement, but to the very target of your investigation—in real time.

Such surveillance and integration between big banks, law enforcement and spy agencies is not just limited to lower Manhattan or even the United States. It is also most prevalent in London and other cities where international banking is conducted.

Real-time surveillance and the close working relationship between the “one-percenters,” police and the intelligence agencies gives the targets of criminal probes the ability to be pro-active when necessary. It’s all being done under the pretext of national security when it would appear that the real objective is to insulate the banksters from potential problems that exposure of their criminal actions might cause.

Oh, and don’t forget that  it is us who are paying for this.

Perhaps we would be well advised to not only consider the capabilities of the surveillance apparatus that exists where the big banks and police are working at adjacent surveillance terminals at 55 Broadway and other locations, but the incestuous working relationship between the banks and the CIA when we read about banker suicides.

Do not expect to see any exclusive report on this in the corporate media, for they, as requested have dutifully maintained their code of silence by not showing pictures of the brass name plates that identify the bankster terminals situated adjacent to the police terminals during photo shoots of this super-secret surveillance complex a few years ago. As detailed by the tenacious and indefatigable Pam Martens, journalist for Wall Street on Parade in this article, the captured media took a pass on revealing the whole truth about what’s really going on at 55 Broadway.

What has been revealed here is merely the tip of the iceberg. The tentacles of the corporate elite, facilitated and empowered by the CIA, the NYPD top brass, and other agencies have now covertly and effectively succeeded in invading everything you do. The fruits of this operation are being used to advance their global financial agenda and silence the opposition.

Knowing this, is it possible that the dead bodies that are increasing in number are the results of this joint surveillance operation? You will not find any answers in the mainstream media. The big banks have chosen to remain silent, even in the face of subpoenas, and have yet to face any legal consequences for their contempt. It’s not, however, merely contempt of congress or pseudo-investigative bodies. It’s their contempt of humanity, of you and me, and the victims that lie dead, leaving their families broken and wanting for the truth.

This article has been reprinted with permission from the Northeast Intelligence Network.

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Please visit SteveQuayle.com and RogueMoney.net for headlines, reports and updates on the growing threat to our financial future. Also, tune in the The Hagmann & Hagmann Report on Monday, February 17, 2014 from 8:00-11:00 PM ET as we welcome “V, The Guerrilla Economist” and Steve Quayle to discuss this topic in-depth.

JPMorgan Vice President’s Death Shines Light on Bank’s Close Ties to the CIA | Global Research

JPMorgan Vice President’s Death Shines Light on Bank’s Close Ties to the CIA | Global Research.

Global Research, February 13, 2014
wallstreet

By Pam Martens and Russ Martens

The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky – they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in the public’s mind.

Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank.

The U.S. Justice Department allowed JPMorgan to pay $1.7 billion and sign a deferred prosecution agreement, meaning no one goes to jail at JPMorgan — again. The largest question that no one can or will answer is how the compliance, legal and anti-money laundering personnel at JPMorgan ignored for years hundreds of transfers and billions of dollars in round trip maneuvers between Madoff and the account of Norman Levy. Even one such maneuver should set off an investigation. (Levy is now deceased and the Trustee for Madoff’s victims has settled with his estate.)

Then there was the report done by the U.S. Senate’s Permanent Subcommittee on Investigations of the London Whale episode which left the public in the dark about just what JPMorgan was doing with stock trading in its Chief Investment Office in London, redacting all information in the 300-page report that related to that topic.

Wall Street On Parade has been filing Freedom of Information Act (FOIA) requests with the Federal government in these matters, and despite the pledge from our President to set a new era of transparency, thus far we have had few answers coming our way.

One reason that JPMorgan may have such a spooky feel is that it has aligned itself in no small way with real-life spooks, the CIA kind.

Just when the public was numbing itself to the endless stream of financial malfeasance which cost JPMorgan over $30 billion in fines and settlements in just the past 13 months, we learned on January 28 of this year that a happy, healthy 39-year old technology Vice President, Gabriel Magee, was found dead on a 9th level rooftop of the bank’s 33-story European headquarters building in the Canary Wharf section of London.

The way the news of this tragic and sudden death was stage-managed by highly skilled but invisible hands, turning a demonstrably suspicious incident into a cut-and-dried suicide leap from the rooftop (devoid of eyewitnesses or  motivation) had all the hallmarks of a sophisticated covert operation or coverup.

The London Evening Standard newspaper reported the same day that “A man plunged to his death from a Canary Wharf tower in front of thousands of horrified commuters today.” Who gave that completely fabricated story to the press? Commuters on the street had no view of the body because it was 9 floors up on a rooftop – a rooftop that is accessible from a stairwell inside the building, not just via a fall from the roof. Adding to the suspicions, Magee had emailed his girlfriend the evening before telling her he was finishing up and would be home shortly.

If JPMorgan’s CEO, Jamie Dimon, needed a little crisis management help from operatives, he has no shortage of people to call upon. Thomas Higgins was, until a few months ago, a Managing Director and Global Head of Operational Control for JPMorgan. (A BusinessWeek profile shows Higgins still employed at JPMorgan while the New York Post reported that he left late last year.) What is not in question is that Higgins was previously the Senior Officer and Station Chief in the CIA’s National Clandestine Service, a component of which is the National Resources Division. (Higgins’ bio is printed in past brochures of the CIA Officers Memorial Foundation, where Higgins is listed with his JPMorgan job title, former CIA job title, and as a member of the Foundation’s Board of Directors for 2013.)

According to Jeff Stein, writing in Newsweek on November 14, the National Resources Division (NR) is the “biggest little CIA shop you’ve never heard of.” One good reason you’ve never heard of it until now is that the New York Times was asked not to name it in 2001. James Risen writes in a New York Times piece:

[the CIA’s] “New York station was behind the false front of another federal organization, which intelligence officials requested that The Times not identify. The station was, among other things, a base of operations to spy on and recruit foreign diplomats stationed at the United Nations, while debriefing selected American business executives and others willing to talk to the C.I.A. after returning from overseas.”

Stein gets much of that out in the open in his piece for Newsweek, citing sources who say that “its intimate relations with top U.S. corporate executives willing to have their companies fronting for the CIA invites trouble at home and abroad.” Stein goes on to say that NR operatives “cultivate their own sources on Wall Street, especially looking for help keeping track of foreign money sloshing around in the global financial system, while recruiting companies to provide cover for CIA operations abroad. And once they’ve seen how the other 1 percent lives, CIA operatives, some say, are tempted to go over to the other side.”

We now know that it was not only the Securities and Exchange Commission, the U.S. Treasury Department’s FinCEN, and bank examiners from the Comptroller of the Currency who missed the Madoff fraud, it was top snoops at the CIA in the very city where Madoff was headquartered.

Stein gives us even less reason to feel confident about this situation, writing that the NR “knows some titans of finance are not above being romanced. Most love hanging out with the agency’s top spies — James Bond and all that — and being solicited for their views on everything from the street’s latest tricks to their meetings with, say, China’s finance minister. JPMorgan Chase’s Jamie Dimon and Goldman Sach’s Lloyd Blankfein, one former CIA executive recalls, loved to get visitors from Langley. And the CIA loves them back, not just for their patriotic cooperation with the spy agency, sources say, but for the influence they have on Capitol Hill, where the intelligence budgets are hashed out.”

Higgins is not the only former CIA operative to work at JPMorgan. According to aLinkedIn profile, Bud Cato, a Regional Security Manager for JPMorgan Chase, worked for the CIA in foreign clandestine operations from 1982 to 1995; then went to work for The Coca-Cola Company until 2001; then back to the CIA as an Operations Officer in Afghanistan, Iraq and other Middle East countries until he joined JPMorgan in 2011.

In addition to Higgins and Cato, JPMorgan has a large roster of former Secret Service, former FBI and former law enforcement personnel employed in security jobs. And, as we have reported repeatedly, it still shares a space with the NYPD in a massive surveillance operation in lower Manhattan which has been dubbed the Lower Manhattan Security Coordination Center.

JPMorgan and Jamie Dimon have received a great deal of press attention for the whopping $4.6 million that JPMorgan donated to the New York City Police Foundation. Leonard Levitt, of NYPD Confidential, wrote in 2011 that New York City Police Commissioner Ray Kelly “has amended his financial disclosure forms after this column revealed last October that the Police Foundation had paid his dues and meals at the Harvard Club for the past eight years. Kelly now acknowledges he spent $30,000 at the Harvard Club between 2006 and 2009, according to the Daily News.”

JPMorgan is also listed as one of the largest donors to a nonprofit Foundation that provides college tuition assistance to the children of fallen CIA operatives, the CIA Officers Memorial Foundation. The Foundation also notes in a November 2013 publication, the Compass, that it has enjoyed the fundraising support of Maurice (Hank) Greenberg. According to the publication, Greenberg “sponsored a fundraiser on our behalf. His guest list included the who’s who of the financial services industry in New York, and they gave generously.”

Hank Greenberg is the former Chairman and CEO of AIG which collapsed into the arms of the U.S. taxpayer, requiring a $182 billion bailout. In 2006, AIG paid $1.64 billion to settle federal and state probes into fraudulent activities. In 2010, the company settled a shareholders’ lawsuit for $725 million that accused it of accounting fraud and stock price manipulation. In 2009, Greenberg settled SEC fraud charges against him related to AIG for $15 million.

Before the death of Gabriel Magee, the public had lost trust in the Justice Department and Wall Street regulators to bring these financial firms to justice for an unending spree of fleecing the public. Now there is a young man’s unexplained death at JPMorgan. This is no longer about money. This is about a heartbroken family that will never be the same again; who can never find peace or closure until credible and documented facts are put before them by independent, credible law enforcement.

The London Coroner’s office will hold a formal inquest into the death of Gabriel Magee on May 15. Wall Street On Parade has asked that the inquest be available on a live webcast as well as an archived webcast so that the American public can observe for itself if this matter has been given the kind of serious investigation it deserves. We ask other media outlets who were initially misled about the facts in this case to do the same.

State Department Confirms Authenticity Of Intercepted Ukraine Phone Call: Accuses Russia Of Dirty Tricks | Zero Hedge

State Department Confirms Authenticity Of Intercepted Ukraine Phone Call: Accuses Russia Of Dirty Tricks | Zero Hedge.

If there was any doubt whether the intercepted “Fuck the EU” phone call between Assistant Secretary of State Nuland and the US Ambassador to the Ukraine Pyatt was authentic, it can now be laid to rest: in an earlier response to questions from reporters, State Department spokeswoman Jen Psaki did not dispute authenticity of recording and essentially confirmed it was real “I didn’t say it was inauthentic.”

However, in the tried and true fashion of assigning blame elsewhere, the world learned that it was really all Russia’s fault and the released intercept was a “new low of Russian tradecraft.” Psaki added that there are moments “in every diplomatic relationship” when you disagree, Psaki says. But the absolute punchline: “It’s concerning that private conversation was recorded.

Perhaps maybe the NSA can opine on the concernability of a private conversation being recorded.

Then again in a world in which only the NSA is allowed to record every single private conversation, one can easily see why the State Dept thought it was safe to discuss its state subordination strategy over what appears to have been an unencrypted landline. At least the CIA used to communicate by encrypted redlines.

Finally, while Russian “tradecraft” may have hit a new low, so did US reputation and standing abroad, however offset by the humiliation and embarrassment of US foreign policymakers which has never been higher.

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