News ArticlesExcerpts of Key News Articles in Major Media
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A potentially explosive report has linked the resignation of Pope Benedict XVI to the discovery of a network of gay prelates in the Vatican, some of whom – the report said – were being blackmailed by outsiders. The pope's spokesman declined to confirm or deny the report, which was carried by the Italian daily newspaper La Repubblica. The paper said the pope had taken the decision on 17 December that he was going to resign – the day he received a dossier compiled by three cardinals delegated to look into the so-called "Vatileaks" affair. The newspaper said the cardinals described a number of factions, including one whose members were "united by sexual orientation". In an apparent quotation from the report, La Repubblica said some Vatican officials had been subject to "external influence" from laymen with whom they had links of a "worldly nature". The paper said this was a clear reference to blackmail. It quoted a source "very close to those who wrote [the cardinal's report]" as saying: "Everything revolves around the non-observance of the sixth and seventh commandments." The seventh enjoins against theft. The sixth forbids adultery, but is linked in Catholic doctrine to the proscribing of homosexual acts.The cardinals' report identified a series of meeting places in and around Rome. They included a villa outside the Italian capital, a sauna in a Rome suburb, a beauty parlour in the centre, and a former university residence that was in use by a provincial Italian archbishop.
Note: For more revelations on this astounding information from a reliable source, click here.
The newly disclosed “white paper” offering a legal reasoning behind the claim that President Obama has the power to order the killing of American citizens ... coyly describes another, classified document ... that actually provided the legal justification for ordering the killing of American citizens. That document still has not been provided to Congress, despite repeated demands from lawmakers. According to the white paper, the Constitution and the Congressional authorization for the use of force after the attacks of Sept. 11, 2001, gave Mr. Obama the right to kill any American citizen that an “informed, high-level official” decides is a “senior operational leader of Al Qaeda or an associated force” and presents an “imminent threat of violent attack.” It never tries to define what an “informed, high-level official” might be, and the authors of the memo seem to have redefined the word “imminent” in a way that diverges sharply from its customary meaning. It takes the position that the only “oversight” needed for such a decision resides within the executive branch, and there is no need to explain the judgment to Congress, the courts or the public — or, indeed, to even acknowledge that the killing took place. The paper argues that judges and Congress don’t have the right to rule on or interfere with decisions made in the heat of combat. The white paper “is a confusing blend of self-defense and law of war concepts” said Kate Martin, director of the Center for National Security Studies. “Its due process analysis is especially weak.”
Note: To read the entire 'white paper' on drone strikes on Americans, click here. For a more detailed analysis by a distinguished lawyer, click here. What this means is that if the president doesn't like someone and deems him an imminent threat, he can have that person killed and legally keep it all a secret. Is America drifting towards a police state?
Are police officers necessarily more trustworthy than alleged criminals? The police have a special inclination toward confabulation ... because, disturbingly, they have an incentive to lie. In this era of mass incarceration, the police shouldn’t be trusted any more than any other witness, perhaps less so. That may sound harsh, but numerous law enforcement officials have put the matter more bluntly. Peter Keane, a former San Francisco Police commissioner, wrote [that] “Police officer perjury in court to justify illegal dope searches is commonplace. One of the dirty little not-so-secret secrets of the criminal justice system is undercover narcotics officers intentionally lying under oath. It is a perversion of the American justice system that strikes directly at the rule of law. Yet it is the routine way of doing business in courtrooms everywhere in America.” The New York City Police Department is not exempt from this critique. New York City officers have been found to engage in patterns of deceit in cases involving charges as minor as trespass. Jeannette Rucker, the chief of arraignments for the Bronx district attorney, explained in a letter that it had become apparent that the police were arresting people even when there was convincing evidence that they were innocent. To justify the arrests, Ms. Rucker claimed, police officers provided false written statements, and in depositions, the arresting officers gave false testimony.
Note: For deeply revealing reports from reliable major media sources on police and prisons corruption, click here.
This month, Johnson & Johnson is facing more than 10,000 lawsuits over an artificial hip that has been recalled because of a 40 percent failure rate within five years. Mistakes happen in medicine, but internal documents showed that executives had known of flaws with the device for some time, but had failed to make them public. The entire evidence base for medicine has been undermined by [a] lack of transparency. Sometimes this is through a failure to report concerns raised by doctors and internal analyses, as was the case with Johnson & Johnson. More commonly, it involves the suppression of clinical trial results, especially when they show a drug is no good. The best evidence shows that half of all the clinical trials ever conducted and completed on the treatments in use today have never been published in academic journals. Trials with positive or flattering results, unsurprisingly, are about twice as likely to be published — and this is true for both academic research and industry studies. In the worst case, we can be misled into believing that ineffective treatments are worth using; more commonly we are misled about the relative merits of competing treatments, exposing patients to inferior ones. This problem has been documented for three decades, and many in the industry now claim it has been fixed. But every intervention has been full of loopholes, none has been competently implemented and, lastly, with no routine public audit, flaws have taken years to emerge.
Note: For deeply revealing reports from reliable major media sources on pharmaceutical industry corruption, click here.
In October, the Washington Post's Greg Miller reported that the administration was instituting a "disposition matrix" to determine how terrorism suspects will be disposed of, all based on this fact: "among senior Obama administration officials, there is broad consensus that such operations are likely to be extended at least another decade." As Miller puts it: "That timeline suggests that the United States has reached only the midpoint of what was once known as the global war on terrorism." The polices adopted by the Obama administration ... leave no doubt that they are accelerating, not winding down, the war apparatus that has been relentlessly strengthened over the last decade. In the name of the War on Terror, the current president has diluted decades-old Miranda warnings; codified a new scheme of indefinite detention on US soil; plotted to relocate Guantanamo to Illinois; increased secrecy, repression and release-restrictions at the camp; minted a new theory of presidential assassination powers even for US citizens; renewed the Bush/Cheney warrantless eavesdropping framework for another five years, as well as the Patriot Act, without a single reform; and just signed into law all new restrictions on the release of indefinitely held detainees. Does that sound to you like a government anticipating the end of the War on Terror any time soon? Or does it sound like one working feverishly to make their terrorism-justified powers of detention, surveillance, killing and secrecy permanent? There's a good reason US officials are assuming the "War on Terror" will persist indefinitely: namely, their actions ensure that this occurs.
Note: For deeply revealing reports from reliable major media sources on the War on Terror, click here.
New documents prove what was once dismissed as paranoid fantasy: totally integrated corporate-state repression of dissent. It was more sophisticated than we had imagined: new documents show that the violent crackdown on Occupy last fall – so mystifying at the time – was not just coordinated at the level of the FBI, the Department of Homeland Security, and local police. The crackdown, which involved, as you may recall, violent arrests, group disruption, canister missiles to the skulls of protesters, people held in handcuffs so tight they were injured, people held in bondage till they were forced to wet or soil themselves – was coordinated with the big banks themselves. The Partnership for Civil Justice Fund, in a groundbreaking scoop that should once more shame major US media outlets (why are nonprofits now some of the only entities in America left breaking major civil liberties news?), filed this request. The document – reproduced here in an easily searchable format – shows a terrifying network of coordinated DHS, FBI, police, regional fusion center, and private-sector activity so completely merged into one another that the monstrous whole is, in fact, one entity: in some cases, bearing a single name, the Domestic Security Alliance Council. And it reveals this merged entity to have one centrally planned, locally executed mission. The documents, in short, show the cops and DHS working for and with banks to target, arrest, and politically disable peaceful American citizens.
Note: For analysis of these amazing documents revealing the use of joint government and corporate counterterrorism structures against peaceful protestors of financial corruption, click here and here. For a Democracy Now! video segment on this, click here.
Police have confirmed that the number of alleged sex abuse victims of the late Jimmy Savile has reached 450. 589 alleged victims have come forward during their investigation of offences committed by Savile and others. Of the alleged victims, 82% were female and 80% were children or young people. The level of allegations against Savile - 450 in total - is unprecedented - never before have police received that number of allegations against a single person. Meanwhile, police have set up Operation Fairbank to investigate allegations by Labour MP Tom Watson of a paedophile ring in high places. Mr Watson said in October that police should investigate claims of a "powerful paedophile ring" linked to a previous prime minister's "senior adviser" and Parliament. Police have a total of 20 suspects whom they wish to interview. They have interviewed seven people in total - six of whom were arrested. Police are looking at three strands within their inquiry - claims against Savile, those against Savile and others, and those against others only. High-profile names arrested in connection with the investigation are PR consultant Max Clifford, comedian Freddie Starr, DJ Dave Lee Travis and former TV producer Wilfred De'Ath, who all deny any wrongdoing. Gary Glitter, who was also arrested, has not yet made a statement.
Note: WantToKnow.info has presented evidence of "a paedophile ring in high places" for years. If you want to know how pervasive this is, you must watch the banned Discovery Channel documentary "Conspiracy of Silence" at this link. Thankfully the word is slowly getting out. For deeply revealing reports from reliable major media sources on sexual abuse scandals, click here.
The US is the world's largest prison state, imprisoning more of its citizens than any nation on earth, both in absolute numbers and proportionally. It imprisons people for longer periods of time, more mercilessly, and for more trivial transgressions than any nation in the west. This sprawling penal state has been constructed over decades, by both political parties, and it punishes the poor and racial minorities at overwhelmingly disproportionate rates. But not everyone is subjected to that system of penal harshness. It all changes radically when the nation's most powerful actors are caught breaking the law. With few exceptions, they are gifted not merely with leniency, but full-scale immunity from criminal punishment. Thus have the most egregious crimes of the last decade been fully shielded from prosecution when committed by those with the greatest political and economic power: the construction of a worldwide torture regime, spying on Americans' communications without the warrants required by criminal law by government agencies and the telecom industry, an aggressive war launched on false pretenses, and massive, systemic financial fraud in the banking and credit industry that triggered the 2008 financial crisis. This two-tiered justice system was the subject of [the] book, With Liberty and Justice for Some. On Tuesday, not only did the US Justice Department announce that HSBC would not be criminally prosecuted, but outright claimed that the reason is that they are too important, too instrumental to subject them to such disruptions.
Note: For deeply revealing reports from reliable major media sources on government corruption, click here.
On 20 November, district court Judge David D Dowd Jr sentenced three anarchists with the Occupy Cleveland movement to prison terms ranging from 8 to 11.5 years for attempting to bomb a highway bridge last spring. Shaquille Azir, a paid FBI informant with a 20-year criminal record, facilitated every step in the plot. Azir molded the five's childish bravado and drunken fantasies into terrorism. He played father figure to the lost men, providing them with jobs, housing, beer and drugs. Every time the scheme threatened to collapse into gutterpunk chaos, he kept it on track. FBI tapes reveal Azir led the brainstorming of targets, showed them bridges to case out, pushed them to buy C-4 military-grade explosives, provided the contact for weapons, gave them money for the explosives and demanded they develop a plan because "we on the hook" for the weapons. This case could have put on trial the post-September 11 strategy of "preventative prosecution", in which the FBI dispatches provocateurs to infiltrate targeted religious and political groups to see what they can stir up. Anarchists are inherently suspect. A recent FBI document calls anarchists "criminals seeking an ideology to justify their activities." Pardiss Kebriaei, a senior attorney specializing in national security at the Center for Constitutional Rights, claims standard operating procedure in terror cases "starts with surveillance and profiling on the basis of religion, politics and national origin". She notes parallels between the Cleveland anarchists and the "Newburgh Four", named for the upstate New York town in which the plot was hatched.
Note: For information on how to contact Brandon Baxter, Joshua Stafford, Connor Stevens and Douglas Wright, see cleveland4solidarity.org. For the Newburgh Four, see projectsalam.org For deeply revealing reports from reliable major media sources on entrapment operations and other manipulations by the FBI and intelligence agencies, click here.
When the people of Greece saw their democratically elected Prime Minister George Papandreou forced out of office in November of 2011 and replaced by an unelected Conservative technocrat, Lucas Papademos, most were unaware of the bigger picture of what was happening. Most of us in the United States were [equally] ignorant when, in 2008, [Congress] voted “yes” at the behest of Bush's Treasury Secretary Henry Paulsen and jammed through the biggest bailout of Wall Street in our nation’s history. But now, as the Bank of England ... announces that former investment banker Mark Carney will be its new chief, we can’t afford to ignore what’s happening around the world. Steadily – and stealthily – Goldman Sachs is carrying out a global coup d’etat. There’s one tie that binds Lucas Papademos in Greece, Henry Paulsen [and Timothy Geithner] in the United States, and Mark Carney in the U.K., and that’s Goldman Sachs. All were former bankers and executives at the Wall Street giant, all assumed prominent positions of power, and all played a hand after the global financial meltdown of 2007-08, thus making sure Goldman Sachs weathered the storm and made significant profits in the process. As Europe descends [into] economic crisis, Goldman Sachs's people are managing the demise of the continent. As the British newspaper The Independent reported earlier this year, the Conservative technocrats currently steering or who have steered post-crash fiscal policy in Greece, Germany, Italy, Belgium, France, and now the UK, all hail from Goldman Sachs. In fact, the head of the European Central Bank itself, Mario Draghi, was the former managing director of Goldman Sachs International.
Note: Once again truth-out.org carries this important article and vital information which no major media has covered. Strangely, the entire website went down for a while not long after the article was published. If the article cannot be found at the link above, click here. For deeply revealing reports from reliable major media sources on financial corruption, click here.
At around 11:25 pm EST on election night, Karl Rove knew something had gone terribly wrong. Minutes earlier, Fox News called the key battleground state of Ohio for President Obama, sealing his re-election. But as the network took live shots of jubilant Obama supporters camped outside the Obama re-election headquarters in Chicago celebrating their victory, Karl Rove began building a case against the call his employer network had just made. Rove explained that when Fox called Ohio, only 74% of the vote was in, showing President Obama with a lead of roughly 30,000 votes. But, as Rove contended, with 77% reporting according to the Ohio Secretary of State office, the President's lead had been slashed to just 991 votes. "We gotta be careful about calling the thing," Rove said. Rove was supremely confident that the numbers coming in from Ohio throughout the night that favored President Obama weren't indicative of who would win Ohio when all the votes were ultimately tabulated by the state's computers. With a quarter of the vote still out there, Rove was anticipating a shift to the Right just after 11 pm, which, coincidentally, is exactly what happened in 2004. So the question is: on election night this year, when Karl Rove was protesting the call his network had just made in Ohio, was Rove anticipating a wave of unpredicted vote totals to swing the election back to Mitt Romney after a statewide server crash, just as had happened in 2004? Just two days after Election Day ... Anonymous released a press statement claiming it did indeed prevent an attempt by Rove to steal the election for Mitt Romney.
Note: We don't normally use Truthout as a source, but as no major media sources covered this most important news, we've included it here. We have independent, reliable sources confirming that it is very likely that Rove tried to swing this election, as he did in 2004, but was stymied by an anonymous group. For another inspiring article describing how Karl Rove may have been stopped from manipulating the US elections, click here. And for a well researched articled suggesting that it was not Anonymous who stopped Karl Rove, but another group called "the protectors," click here.
A paid informant for the New York Police Department's intelligence unit was under orders to "bait" Muslims into saying inflammatory things as he lived a double life, snapping pictures inside mosques and collecting the names of innocent people attending study groups on Islam. Shamiur Rahman, a 19-year-old American of Bangladeshi descent who has now denounced his work as an informant, said police told him to embrace a strategy called "create and capture." He said it involved creating a conversation about jihad or terrorism, then capturing the response to send to the NYPD. For his work, he earned as much as $1,000 a month and goodwill from the police after a string of minor marijuana arrests. Rahman's account shows how the NYPD unleashed informants on Muslim neighborhoods, often without specific targets or criminal leads. Much of what Rahman said represents a tactic the NYPD has denied using. The AP corroborated Rahman's account through arrest records and weeks of text messages between Rahman and his police handler. Informants like Rahman are a central component of the NYPD's wide-ranging programs to monitor life in Muslim neighborhoods since the 2001 terrorist attacks. Police officers have eavesdropped inside Muslim businesses, trained video cameras on mosques and collected license plates of worshippers. Informants who trawl the mosques — known informally as "mosque crawlers" — tell police what the imam says at sermons and provide police lists of attendees, even when there's no evidence they committed a crime. The programs were built with unprecedented help from the CIA.
Note: For deeply revealing reports from reliable major media sources on the games intelligence agencies and units play, click here.
California’s Proposition 37, which would require that genetically modified (G.M.) foods carry a label, has the potential ... to change the politics of food not just in California but nationally too. Genetically modified foods don’t offer the eater any benefits whatsoever — only a potential, as yet undetermined risk. Monsanto and its allies have fought the labeling of genetically modified food ... vigorously since 1992, when the industry managed to persuade the [F.D.A.] — over the objection of its own scientists — that the new crops were “substantially equivalent” to the old and so did not need to be labeled, much less regulated. The F.D.A. policy was co-written by a lawyer whose former firm worked for Monsanto. More than 60 other countries have seen fit to label genetically modified food, including those in the European Union, Japan, Russia and China. Monsanto and DuPont, the two leading merchants of genetically modified seed, have invested more than $12 million to defeat Prop 37. Americans have been eating genetically engineered food for 18 years, and as supporters of the technology are quick to point out, we don’t seem to be dropping like flies. But they miss the point. The fight over labeling G.M. food is not foremost about food safety or environmental harm, legitimate though these questions are. The fight is about the power of Big Food. Monsanto has become the symbol of everything people dislike about industrial agriculture: corporate control of the regulatory process; lack of transparency (for consumers) and lack of choice (for farmers); an intensifying rain of pesticides; and the monopolization of seeds, which is to say, of the genetic resources on which all of humanity depends.
Note: To learn more about the revolving door between Monsanto and the FDA, click here. To read about many suppressed scientific studies which showed the GM foods were often harmful and sometimes even lethal to a variety of lab animals, click here. To watch a powerful video showing clearly how Monsanto has attacked those who will not use their GM seeds, click here.
As a neurosurgeon, I did not believe in the phenomenon of near-death experiences. In the fall of 2008, however, after seven days in a coma during which the human part of my brain, the neocortex, was inactivated, I experienced something so profound that it gave me a scientific reason to believe in consciousness after death. I had somehow contracted a very rare bacterial meningitis that mostly attacks newborns. E. coli bacteria had penetrated my cerebrospinal fluid and were eating my brain. For seven days I lay in a deep coma, my body unresponsive, my higher-order brain functions totally offline. While the neurons of my cortex were stunned to complete inactivity by the bacteria that had attacked them, my brain-free consciousness journeyed to another, larger dimension of the universe: the same one described by countless subjects of near-death experiences and other mystical states. What I saw and learned there has placed me quite literally in a new world: a world where we are much more than our brains and bodies, and where death is not the end of consciousness but rather a chapter in a vast, and incalculably positive, journey. For most of my journey, someone else was with me. A woman. Without using any words, she spoke to me. The message went through me like a wind, and I instantly understood that it was true. I knew so in the same way that I knew that the world around us was realwas not some fantasy, passing and insubstantial. You are loved and cherished, dearly, forever. You have nothing to fear. There is nothing you can do wrong.
Note: The author of this stirring account, Dr. Eben Alexander, was a neurosurgeon for 25 years. His engaging book on this life-changing experience is Proof of Heaven: A Neurosurgeon's Journey into the Afterlife. For video interviews and other information on Dr. Alexander, see this webpage. And explore other highly inspiring resources and stories related to near-death experiences.
It was perhaps the most famous presidential briefing in history. On Aug. 6, 2001, President George W. Bush received a classified review of the threats posed by Osama bin Laden and his terrorist network, Al Qaeda. That morning’s “presidential daily brief” — the top-secret document prepared by America’s intelligence agencies — featured the now-infamous heading: “Bin Laden Determined to Strike in U.S.” On April 10, 2004, the Bush White House declassified that daily brief — and only that daily brief — in response to pressure from the 9/11 Commission. [But] the Aug. 6 document, for all of the controversy it provoked, is not nearly as shocking as the briefs that came before it. The direct warnings to Mr. Bush about the possibility of a Qaeda attack began in the spring of 2001. By May 1, the Central Intelligence Agency told the White House of a report that “a group presently in the United States” was planning a terrorist operation. Weeks later, on June 22, the daily brief reported that Qaeda strikes could be “imminent,” although intelligence suggested the time frame was flexible. Operatives connected to Bin Laden, one [warning] reported on June 29, expected the planned near-term attacks to have “dramatic consequences,” including major casualties. Yet, the White House failed to take significant action. In the aftermath of 9/11, Bush officials attempted to deflect criticism that they had ignored C.I.A. warnings by saying they had not been told when and where the attack would occur.
Note: For many revealing reports from major media sources on 9/11, click here.
The rightwing transparency group, Judicial Watch, released [on August 28] a new batch of documents showing how eagerly the Obama administration shoveled information to Hollywood film-makers about the Bin Laden raid. Obama officials did so to enable the production of a politically beneficial pre-election film about that "heroic" killing, even as administration lawyers insisted to federal courts and media outlets that no disclosure was permissible because the raid was classified. The newly released emails [were] between Mark Mazzetti, the New York Times's national security and intelligence reporter, and CIA spokeswoman Marie Harf. The CIA had evidently heard that [NY Times columnist] Maureen Dowd was planning to write a column on the CIA's role in pumping the film-makers with information about the Bin Laden raid in order to boost Obama's re-election chances, and was apparently worried about how Dowd's column would reflect on them. This exchange ... is remarkably revealing of the standard role played by establishment journalists and the corruption that pervades it. Here we have a New York Times reporter who covers the CIA colluding with its spokesperson to plan for the fallout from the reporting by his own newspaper ("nothing to worry about"). Beyond this, that a New York Times journalist – ostensibly devoted to bringing transparency to government institutions – is pleading with the CIA spokesperson, of all people, to conceal his actions and to delete the evidence of collusion is so richly symbolic.
Note: For deeply revealing reports from reliable sources on corruption in the major media, click here.
Johnson & Johnson, the company that makes the antipsychotic drug Risperdal, has tentatively agreed to a settlement of $2.2 billion to resolve a federal investigation into the companys marketing practices. Johnson & Johnson confidentially paid psychiatrists such as Harvards Joseph Biederman to promote adult drugs such as the powerful antipsychotic drug Risperdal for children. The company has even ghost-written at least one of the Harvard professors scientific articles. Another recent DOJ settlement with drug company GlaxoSmithKline resulted in Glaxos agreement to pay $3 billion in criminal and civil fines. GlaxoSmithKline employed several tactics aimed at promoting the use of [Paxil] in children, including helping to publish a medical journal article that misreported data from a clinical trial. GlaxoSmithKline also secretly paid about $500,000 to psychiatrist Charles Nemeroff ... to promote Paxil. Glaxo even ghostwrote a psychopharmacology textbook for family doctors, who write many prescriptions for children, which was coauthored by Nemeroff and psychiatrist Alan Schatzberg. None of these drug-company-bought psychiatrists has suffered serious consequences. Meanwhile, the DOJ has now enforced a total of $8.9 billion in criminal and civil fines against GlaxoSmithKline, Pfizer, Eli Lilly, and Johnson & Johnson. Stimulants, antidepressants and antipsychotic drugs are very harmful to the brain. The health professions would do far more good stopping the drugging of children than continuing or increasing it.
Note: The above was written by Peter Breggin, MD, author of the book, "Psychiatric Drug Withdrawal: A Guide for Prescribers, Therapists, Patients and Their Families" For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.
Regulators on both sides of the Atlantic failed to act on clear warnings that the Libor interest rate was being falsely reported by banks during the financial crisis, it emerged last night. A cache of documents released yesterday by the New York Federal Reserve showed that US officials had evidence from April 2008 that Barclays was knowingly posting false reports about the rate at which it could borrow in order to assuage market concerns about its solvency. An unnamed Barclays employee told a New York Fed analyst, Fabiola Ravazzolo, on 11 April 2008: "So we know that we're not posting, um, an honest Libor." He said Barclays started under-reporting Libor because graphs showing the relatively high rates at which the bank had to borrow attracted "unwanted attention" and the "share price went down". The verbatim note of the call released by the Fed represents the starkest evidence yet that Libor-fiddling was discussed in high regulatory circles years before Barclays' recent Ł290m fine. The New York Fed said that, immediately after the call, Ms Ravazzolo informed her superiors of the information, who then passed on her concerns to Tim Geithner, who was head of the New York Fed at the time. Mr Geithner investigated and drew up a six-point proposal for ensuring the integrity of Libor which he presented to the British Bankers Association, which is responsible for producing the Libor rate daily. Mr Geithner, who is now US Treasury Secretary, also forwarded the six-point plan to the Governor of the Bank of England, Sir Mervyn King.
Note: For deeply revealing reports from reliable major media sources on regulatory and financial corruption and criminality, click here. For our highly revealing Banking Corruption Information Center, click here.
Motorists may have been paying too much for their petrol because banks and other traders are likely to have tried to manipulate oil prices in the same way they rigged interest rates, an official report has warned. Concerns are growing about the reliability of oil prices, after a report for the G20 found the market is wide open to “manipulation or distortion”. Traders from banks, oil companies or hedge funds have an “incentive” to distort the market and are likely to try to report false prices, it said. Petrol retailers use oil price “benchmarks” to decide how much to pay for future supplies. The rate is calculated by data companies based on submissions from firms which trade oil on a daily basis – such as banks, hedge funds and energy companies. However, like Libor ... the market is unregulated and relies on the honesty of the firms to submit accurate data about all their trades. This is one of the major concerns raised in the G20 report, published last month by the International Organisation of Securities Commissions (IOSCO). In the study for global finance ministers, including George Osborne, the regulator warns that traders have opportunities to influence oil prices for their own profit. It points out that the whole market is “voluntary”, meaning banks and energy companies can choose which trades to make public. IOSCO says this “creates opportunity for a trader to submit a partial picture in order to influence the [price] to the trader’s advantage”.
Note: For deeply revealing reports from reliable major media sources on regulatory and financial corruption and criminality, click here.
A former CIA agent is going on the record to say the alleged UFO incident on July 8, 1947, in Roswell, N.M., really happened. Chase Brandon, who worked 35 years with the CIA, said documents regarding the alleged landing of beings from outer space are locked up at the CIA's headquarters in Langley, Va. "It was in a vaulted area - there was one box that really caught my eye," the Daily Mail quotes Brandon as saying. "It had one word on it: Roswell. I rummaged inside it, put the box on the shelf and said, 'My God, it really happened.'" Brandon [made] the comments during the 65th anniversary of the alleged incident, which military officials initially explained as the capture of "a disc," but later explained away as a weather balloon. "It was not a weather balloon - it was what people first reported," the [Daily Mail] quotes Brandon as saying. The Huffington Post quotes Brandon as saying, "It was a craft that clearly did not come from this planet." Brandon worked as an undercover, covert operations officer in the CIA's Clandestine Service, where he focused on missions on international terrorism, counterinsurgency, global narcotics and weapons smuggling. He spent his final decade with the agency as liaison to the entertainment and publication industries, and it was during this time - in the mid 1990s - that he walked into the vaulted Historical Intelligence Collection area at CIA headquarters, according to the news organization. Brandon said the box contained written material and photographs.
Note: For a great Huffington Post article on this, click here. For the Daily Mail article, click here. For an excellent, intriguing eight-minute video featuring Chase Brandon on his knowledge of CIA training, click here. For verifiable quotes from a former head of the CIA, two astronauts, and other top officials on a huge UFO cover-up, click here.
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