Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand

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How is money created?  If you ask average people on the street this question, most of them have absolutely no idea.  This is rather odd, because we all use money constantly.  You would think that it would only be natural for all of us to know where it comes from.  So where does money come from?  A lot of people assume that the federal government creates our money, but that is not the case.  If the federal government could just print and spend more money whenever it wanted to, our national debt would be zero.  But instead, our national debt is now nearly 16 trillion dollars.  So why does our government (or any sovereign government for that matter) have to borrow money from anybody?  That is a very good question.  The truth is that in theory the U.S. government does not have to borrow a single penny from anyone.  But under the Federal Reserve system, the U.S. government has purposely allowed itself to be subjugated to a financial system in which it will be constantly borrowing larger and larger amounts of money.  In fact, this is how it works in the vast majority of the countries on the planet at this point.  As you will see, this kind of system is not sustainable and the structural problems caused by such a system are at the very heart of our debt problems today.So where does money come from?  In the United States, it comes from the Federal Reserve.When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.So why does the U.S. government go to all this trouble?  Why doesn't the U.S. government create the money itself?Those are very good questions.One of the primary reasons why our system is structured this way is so that wealthy people can get even wealthier by lending money to the U.S. government and other national governments.For example, last year the U.S. government spent more than 454 billion dollars just on interest on the national debt.Over the centuries, the ultra-wealthy have found lending to national governments to be a very, very profitable enterprise.The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.But wait.There is a problem.Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.So where will the U.S. government get the money to pay that debt?Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.But that never actually happens, does it?And the creators of the Federal Reserve understood this as well.  They understood that the U.S. government would not have enough money to both run the government and service the national debt.  They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.That is why I call the Federal Reserve a perpetual debt machine.  The Federal Reserve was created to trap the U.S. government in an endlessly expanding debt spiral from which there is no escape.And the Federal Reserve is doing a great job at what it was designed to do.  Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was first created.Another way that money comes into existence in our economy is through the process of fractional reserve banking.I originally pulled the following simplified explanation of fractional reserve banking off of the website of the Federal Reserve Bank of New York, but it has been pulled down since then.  But I still think it is helpful in understanding the basics of how fractional reserve banking works....

"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."

When you put your money into the bank, it does not say there.  The bank only keeps a relatively small amount of money sitting around to satisfy the withdrawal demands of account holders.  If all of us went down to the banks right now and demanded our money, that would create a major problem.If I put 100 dollars into the bank and the bank lends out 90 of those dollars to you, now it looks like there are 190 dollars floating around.  I have "100 dollars" in my bank account and you have "90 dollars" that you just borrowed.The new debt that you have taken on (90 dollars) has "created" more money.  But of course you are going to end up paying back more than 90 dollars to the bank, so more debt has been created than the amount of money that has been created.And that is one of the big problems with our financial system.  It is designed so that the amount of debt and the amount of money are supposed to be perpetually expanding, and the amount of debt created is always greater than the amount of money that is created.So is it any wonder that our society is swamped with nearly 55 trillion dollars of total debt at this point?A debt-based financial system is unsustainable by nature because it will always create debt bubbles that will inevitably burst.Are you starting to see why so many Americans are saying that we need to abolish the Federal Reserve system?Our founding fathers never intended for our financial system to work this way.According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures".So why has this authority been given to a private institution that is dominated by the big Wall Street banks and that has actually argued in court that it is "not an agency" of the federal government?Thomas Jefferson once said that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing....

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

But instead, we have become enslaved to a system where government borrowing actually creates our money.The borrower is the servant of the lender, and we have allowed our government to enslave us to the tune of nearly 16 trillion dollars.There are alternatives to this system.  Things do not have to work this way.Unfortunately, the vast majority of our politicians consider the Federal Reserve to be good for America and steadfastly refuse to do anything to change the status quo.So if you are waiting for "solutions" to these problems on the national level you are going to be waiting for a very long time.The debt problems that the United States and Europe are experiencing did not come into existence by accident.  They are the result of fundamental structural problems with the financial system.A debt-based financial system is always going to fail in the long run.  Unfortunately, most Americans still do not understand this and so we will all get to suffer the consequences.

Our Outlook for Utilities Stocks 'Til death do us part: Merger partners now tied, but power prices still deadly. (By Travish Miller - Morning Star)

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• Although natural gas and power prices stabilized in the second quarter, they remain at levels that are compressing margins for coal and nuclear power producers. 
• Utilities are still doing exceedingly well with mergers this cycle as Northeast Utilities and Exelon closed their multibillion-dollar deals last quarter. Duke appears set to close its merger by July after receiving key federal go-ahead. 
• The sector's average 4.2% dividend yield still offers a historically attractive spread over U.S. Treasuries, suggesting regulated utilities could continue their phenomenal three-year run. 

For several quarters now, utilities investors have woken to the same story. Low interest rates continue to offer an impressive tailwind for utilities that can drive earnings higher with low borrowing costs and offer investors attractive dividend yields with growth. But market-exposed power producers continue to suffer from persistently low power prices that are compressing margins for coal and nuclear operators.
For regulated utilities, the near-term outlook remains bright even as valuations stretch well beyond historical norms. A group of the 31 largest U.S.-regulated utilities returned 5% between March and June, handily beating the S&P 500's negative 3.5% return and all 11 market sectors, yet have trailed nearly all other sectors year to date. For utilities that can avoid punitive regulation, we think investors could still realize 4%-6% dividend growth to go with near-4% yields.
For power producers, fundamental changes are taking hold in power markets as coal plant shutdowns accelerate, natural gas generation skyrockets, and reserve margins face dangerous tightening during the next three to five years. We now count 35 GW of planned or executed coal plant shutdowns since late 2010, up from 30 GW last quarter and closing in on our 53 GW estimate. Gas generation in March hit its highest share of total U.S. generation in at least 40 years at 30%, while coal's share fell to its lowest level at 34%, based on the most recent government data. In May, the Texas grid operator's semiannual long-term outlook projected state reserve margins tightening below its target range as soon as next summer.
Industry-Level Insights
Languishing power and gas prices continue to weigh on earnings for diversified utilities and power producers. Year to date, gas prices are down 13% and power prices are down 6%. We now think earnings for most utilities with power market exposure will hit troughs in 2013-14. Coal plant operators are facing shrinking dividend coverage, liquidity concerns, and even restructuring from compressed margins and fast-approaching environmental compliance requirements.We believe political and regulatory uncertainty are depressing power and capacity prices. Two key environmental regulations finalized in 2011 face legal challenges and political uncertainty going into the November elections. We believe power prices reflect very little of the full impact we expect from these regulations. Political intervention also appears to be depressing capacity values for emissions-controlled and clean incumbent generators. Subsidized projects in New Jersey and Maryland cut 2015-16 Mid-Atlantic capacity prices in half from our normalized estimates for certain regions, and New York is assessing subsidized generation options. Depressed power and capacity prices hurt utilities such as Exelon (EXC), GenOn Energy (GEN), and NRG Energy (NRG) the most because of their large exposure to competitive power markets.
Even if power, gas, and capacity prices stay low, we think tighter power markets and increased reliance on gas generation could lead to more volatile power prices. This should favor the largest, most diversified utilities such as Exelon, NRG Energy, and FirstEnergy (FE). These utilities moved early to pair their wholesale generation with a growing retail supply business. This pairing gives them a cost and liquidity advantage over other retailers, offering a rare competitive advantage that could lead to industry consolidation and margin expansion. Exelon in early June projected $100 million of revenue synergies from its combination with Constellation's retail business. NRG Energy is realizing similar benefits in Texas.
For all utilities, we think regulatory risk remains the key threat. The 770-basis-point spread between recently awarded allowed returns and U.S. Treasury rates is the widest in at least 20 years and 190 basis points above the 20-year average. Mean reversion would hit earnings hard. Merger approval also has been difficult, albeit successful. Regulators required rate credits, rate freezes, and/or commitments to uneconomic investments before approving Northeast Utilities' (NU) $9.5 billion acquisition of NSTAR and Exelon's $7 billion acquisition of Constellation, both of which closed this spring. These concessions will make it difficult for the companies to create value from the deals.
Similarly, Duke Energy's (DUK) $17.9 billion acquisition of Progress Energy (PGN) appears set to close by July 1, but only after the companies offered enough concessions to receive sign-off from federal regulators. Entergy's (ETR) proposed acquisition of ITC Holdings (ITC) also faces a difficult regulatory path.
Our Top Utilities Picks
 On a market-capitalization-weighted basis, the average sector price/fair value ratio is 0.87, down from 0.90 last quarter. But the utility sector's 1.05 median price/fair value still highlights the sharp valuation divide we see between the relatively cheap, large diversified utilities and the relatively pricey, smaller regulated utilities.
Only two of the 33 regulated utilities we cover are trading below our fair value estimates as of mid-June. Yet paradoxically, dividend yields and growth prospects for many of those utilities still look attractive. The spread between the 4.2% utility sector average dividend yield and 10-year U.S. Treasuries at 260 basis points is the widest in at least 20 years, and most domestic utilities have no exposure to Europe's financial woes. For safety-minded, yield-seeking investors, we continue to point toward National Grid (NGG), American Electric Power (AEP), and Alliant (LNT).
Among diversified utilities and independent power producers, we still favor those with low-emissions baseload generation assets like Exelon and Ormat Technologies (ORA). As power markets tighten, we think GenOn Energy, NRG Energy, and Public Service Enterprise Group (PEG) can be winners.

Here's the Answer: GERMANY, Not Greece, Should Exit the Euro

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By Dr. Steve Sjuggerud

Monday, July 2, 2012

 
German taxpayers shouldn't bail out their neighbors…

Instead, Germany should consider leaving the euro.

Over the weekend, Germany's neighbors convinced Germany to sign on for even more help. The Europeans agreed on having a pan-European Banking Union. The idea is that all of Europe would bail out European banks when necessary. The reality is, Germany will be the one saving the others.

Instead of being forced into that position, Germany should consider stepping out of the euro itself.


It comes down to who is actually in the euro. Based on the size of their economies, Germany, France, and the five "PIIGS" nations (Portugal, Italy, Ireland, Greece, and Spain) make up over 80% of the euro.

All of these countries are in trouble, except Germany.

You already know about Greece and the other PIIGS… but France will soon be in trouble, too…

You see, France has a new President, François Hollande. Mr. Hollande was a key figure over the weekend in forcing Germany to help the weaker countries. Take a look at Mr. Hollande's plans (according to The Economist):

Mr. Hollande will start by cutting the retirement age for some workers to 60, putting the top marginal income-tax rate up to 75%, raising taxes on wealth, inheritance and dividends, increasing the minimum wage and making it much harder for employers to fire workers.

Far from curbing the size of the public sector, at 56% of GDP the biggest in the euro zone, he seems likely to expand it.

The thing is, if Mr. Hollande follows through with these plans, France could be a bigger mess than Greece and the rest of the PIIGS in no time… Heck, with French public debt at 90% of the country's GDP, it won't take long for France to catch up with the PIIGS.

So the big question is, why should German taxpayers work hard and eventually pay to bail out guys with plans like Mr. Hollande's? They shouldn't…

Again, as measured by the size of their economies, these seven countries make up over 80% of the euro. Only one of these countries – Germany – has its act together. It appears that the other countries are incapable of making the necessary changes.

So why should we prolong Europe's euro crisis indefinitely?

The answer to the problem is relatively simple: Germany, not Greece, should exit the euro…

I wish I had a nifty trade for you on all of this mess… like buying German government bonds, for example. But unfortunately, the land mines are too big whichever way you turn. (If you bought German government bonds denominated in euros, for example, and Germany left the euro, would those bonds stay in euros? I don't know.)

In sum, the quickest, simplest solution for Europe is right under their noses… It's for Germany, not Greece, to leave the euro.

Coke's thirst for emerging market expansion has yet to be quenched.

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by Thomas Mullarkey, CFA

Coca-Cola KO and its local bottling partners plan on investing an additional $3 billion in India through 2020. This investment, combined with prior commitments, means that from 2012 to 2020, the Coca-Cola system will invest $5 billion in India. Much of the investment will go toward adding capacity, expanding its distribution network, and rolling out more cold-drink equipment. We believe that success in India is critical for Coca-Cola's desire to achieve its 2020 vision to roughly double its global volumes. While the details of this investment are new, the concept is not. In order to double systemwide sales by 2020, we have long believed that the company would need to significantly invest in emerging and developing countries. Consequently, we are maintaining our $73 fair value estimate on Coke shares.While India is home to 1.2 billion people (17% of the world's population), its citizens consume far fewer Coca-Cola products than the rest of the world. While the average American consumes on average 400 Coca-Cola products per year, the average Brazilian drinks 230 servings, and the typical Chinese has 38 servings per year; the average Indian drinks only around 12 eight-ounce servings of Coca-Cola products annually. This is well below the global average of roughly 90 servings per person per year. Coca-Cola India has grown case volumes in the country for over 5 years. While the company's Thumbs Up and Sprite brands are India's top-selling soft drinks, the Coca-Cola brand is seeing healthy growth, with volumes up 27% during the most recent quarter. Additionally, Coca-Cola's Maaza brand is India's best-selling juice drink.
Thesis 04/17/12Coca-Cola's wide economic moat is bolstered by its extensive distribution network, which enables the company to deliver its products to consumers in more than 200 countries, as well as its bevy of powerhouse brands. While declining consumption of carbonated beverages in North America will serve as a near-term headwind for Coke, we believe international markets will provide plenty of growth opportunities over the long term. Absent any strategic missteps, we view Coca-Cola as a safe haven in an uncertain economic environment given that the firm has one of the widest moats in our consumer coverage universe. Even though Coke's existing distribution network spans the globe, the company continues to invest for international growth. The company and its bottling partners intend to invest billions over the next few years in countries such as China, Russia, and Brazil, where per capita consumption is increasing in light of the burgeoning middle class. For example, annual per capita consumption of Coca-Cola products in China is just 38 servings, versus eight servings in 1998, and versus 403 servings in the U.S. We think that these investments will build out the firm's manufacturing and distribution footprint to such an extent that it would be too costly for a new entrant to duplicate, further solidifying the sustainability of the firm's competitive advantages.Over the last decade, tastes have changed in mature markets as consumers have shifted from purchasing carbonated soda to still beverages such as juices, ready-to-drink teas and coffees, and enhanced water. To mitigate this falling volume and maintain share, Coca-Cola has been forced to broaden its portfolio deeper into various still beverage categories, which has enabled the beverage giant to leverage its vast distribution system and marketing might to continue to grow its worldwide volumes.The pressure on bottlers' margins and the demands of the syrup makers for distribution and production flexibility have been sources of conflict for many years. Consequently, Coke followed PepsiCo's PEP lead by acquiring the North American operations of Coca-Cola Enterprises CCE. This acquisition is intended to eliminate these conflicts and to make the firm more responsive to changing customer demands. Although Pepsi was the first to control its North American bottlers, Coke's copycat move less than a year later shows that there is little that one of these beverage juggernauts can do that cannot be duplicated by the other. We think that Coke's strategy will nullify some of the competitive advantage that Pepsi had hoped to achieve in its route to market.We believe that Coke's extensive distribution network and strong brands in almost every nonalcoholic beverage category should allow the firm to successfully generate excess returns on invested capital for years to come. We recommend buying the stock at about 15 times forward earnings, and thanks to its strong competitive advantages, we think that Coke should trade at a premium to other consumer staples firms.
ValuationFollowing the company's healthy first-quarter results and continued solid execution on its 2020 vision, we are increasing our fair value estimate for Coca-Cola to $73 from $69. Our fair value estimate implies fiscal 2012 price/earnings of 18 times, enterprise value/EBITDA of 13 times, a free cash flow yield of 5%, and a dividend yield of 3%. We believe that Coca-Cola's wide economic moat and opportunities for continued growth merit above-average valuation multiples.Volume and pricing are key drivers of our valuation model. We forecast Coca-Cola's top line to grow roughly 5.5% per year over the next decade, driven by roughly 3%-4% volume growth and 1%-2% pricing growth. Additionally, we believe that the company's operating margins should range between 25% and 27.5%, in line with Coke's average adjusted operating margin during the last five years. From our perspective, EPS growth should outpace top-line growth going forward as the firm utilizes the substantial free cash flow it generates to reduce debt and repurchase shares. Our estimates for Coke's revenue growth and EPS growth are within the range of the company's long-term targets of 5%-6% CAGR for the top line and 7%-9% CAGR for long-term EPS growth. For 2012, we expect Coca-Cola to generate about $49 billion in revenue and $4.11 per share.
RiskCoke's sales and profitability could be negatively affected beyond our forecasts by greater than expected increases in commodity prices, particularly for raw materials such as sugar, cocoa, and oranges. Ownership of the company's North American distribution platform will increase Coke's exposure to other commodities such as aluminum and plastic resins; the deal is also not without integration risk. With about 70% of revenue being generated outside the U.S., the firm is subject to currency and geopolitical risks in the overseas markets in which it operates. Sales of Coke's carbonated drinks could be hurt by negative publicity regarding the health concerns associated with drinks with high sugar content, and volumes of Coke's sugary drinks could be constrained should governments look to increase taxes on soda.
Management & StewardshipCoca-Cola generally has a high standard of management stewardship. We attribute the firm's consistent execution during the difficult operating environment over the past several years to strong leadership from the top and a very deep bench. We are also impressed with management's focus on the company's 2020 vision, which emphasizes making the best decisions to grow the business over the long term, not just the next quarter.Muhtar Kent is currently Coca-Cola's CEO and chairman. In general, we prefer to see these roles separated. Executive compensation is generous, but incentive-based pay does appear to be aligned with the long-term interests of shareholders. While six of Coca-Cola's 15 board members have sat on the board for more than two decades, the firm has recently added some high-profile new board members, including Howard Buffett (Warren Buffett's son), Evan Greenberg (CEO of ACE Limited ACE), and former Chicago mayor Richard Daley.We applaud the firm for its adoption of majority voting, allowing shareholders to vote against the election of a director, but we think that allowing cumulative voting would further enhance the rights of the small shareholder.
Overview
Financial Health: Coca-Cola is financially healthy. Although the acquisition of CCE's North American bottling business measurably increased the firm's debt, interest expense, and pension expense, we believe that the firm's strong cash flows will enable the company to meet all of its financial obligations, invest for future growth, and grow its dividend. We forecast EBITDA to cover interest expense more than 40 times, on average, over the next decade, and forecast the firm to generate free cash flow of about 19% of revenue over our 10-year explicit forecast period. We currently assign Coke an issuer rating of AA-, implying very low default risk.
Profile: Coca-Cola is the world's largest nonalcoholic beverage company. The firm, which sells a variety of sparkling and still beverages, generates 70% of its revenue and about 80% of its operating profit from outside the United States. Coke's core brands include: Coca-Cola, Sprite, Dasani, Powerade, and Minute Maid. Following the asset swap with CCE, Coke now owns about 80% of its distribution in North America.

Pepsi's dominant snack food operations are underappreciated by the market.

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by Thomas Mullarkey, CFA

PepsiCo has built a wide economic moat, thanks to its economies of scale, dominance in the snack category, and efficient distribution network. The direct store delivery system allows the firm to leverage its portfolio of brands, and should ensure that PepsiCo maintains its strong returns on invested capital over the long haul. Although Coca-Cola KO is the global cola leader, PepsiCo is the dominant force in the global snack market. Pepsi controls around 64% of the U.S. salty snack market, 60% of the market in Brazil, and 46% of the U.K. market. The North American snack business is Pepsi's most profitable segment, generating 24% of the firm's total revenue in 2011, but 41% of its operating profits.Additionally, PepsiCo has an impressive record of creating or acquiring products that are aligned with emerging consumer trends. Over the past decade, Pepsi's Good-For-You portfolio has grown to $13 billion in annual sales from $2.2 billion, as consumers increasingly demand tasty and nutritional foods and drinks. We expect that future growth in the health and wellness segment will primarily be organic (via increased focus on the firm's Tropicana, Quaker and Gatorade brands) but will be supplemented through select acquisitions, such as the firm's 2011 acquisition of Wimm-Bill-Dann for $4 billion, which helped PepsiCo to enter the Russian dairy market.From our perspective, PepsiCo's direct store delivery system is one of the key attributes driving the firm’s wide economic moat, given that replicating such a system would be prohibitively expensive for an upstart competitor. Pepsi's distribution system allows the firm to deliver merchandise and stock the company's beverages and snacks to retailers across the globe, and garner market share from the firm's smaller peers.Pepsi's relationships with retailers have become even more direct since the firm took control of its two anchor bottlers, Pepsi Bottling Group and Pepsi Americas, Inc. The transactions, which closed in 2010, have already delivered over $550 million of annual synergies, and have allowed Pepsi to more nimbly experiment with packaging formats and to incubate niche products. It is important to note that the bottling operations are much more asset-intensive than the beverage concentrate business, and Pepsi's asset-base has swelled to $73 billion at year-end 2011 from $40 billion at year-end 2009 as a result. This surge in assets is the primary reason why we forecast that Pepsi's return on invested capital will pull back to the upper-teens percentage range over the next five years, versus the loftier mid-30% range the company enjoyed during the last decade.Given Pepsi's competitive advantages, we think the company's stock should trade at a high-teens multiple. Currently, the market appears fixated on problems in the company's beverage business, and is ignoring its dominant position in snacks.  Overall, while we believe that Coke should trade at a richer multiple--given that it dominates the on-premise channel, and is outspending Pepsi in emerging markets--we believe that the valuation gap between these beverage and snack giants has grown too wide.
ValuationWe are reducing our fair value estimate for PepsiCo to $72 per share from $76, largely as a result of reduced outlook for the company's 2012 performance. We expect in 2012, Pepsi's core EPS will drop by about 8% versus what it earned in 2011 as its efficiency programs are more than offset by higher marketing costs, increased raw material costs, and a strengthening U.S. dollar. Longer term, we expect Pepsi's top line and EPS to grow around 5% and 7% per year, respectively. Our new fair value estimate implies an 11 times EV/EBITDA valuation, 5% free cash flow yield, and a 2.8% dividend yield.Volume and pricing are key drivers of our valuation model. We forecast Pepsi's top line to grow roughly 5% per year over the next decade, driven by roughly 3% to 4% volume growth and 1% to 2% pricing growth.  Additionally we believe that the company's operating margins should be around 15% to 16%. We believe that, in the coming years, EPS growth should outpace top-line growth as the firm utilizes the substantial free cash flow it generates to reduce debt and repurchase shares. For 2012, we expect Pepsi to earn roughly $4.08 per share on $68.5 billion in revenue.
RiskVolatility in commodity prices, particularly for raw materials such as corn, juices, wheat, aluminum and plastic resins, could pinch PepsiCo's sales and profitability. PepsiCo is only able to hedge approximately three-quarters of its raw material costs, constantly leaving it somewhat exposed to commodities fluctuations. Approximately half of Pepsi's revenue is generated from international markets, exposing it to various currency and geopolitical risks. Finally, sales of PepsiCo's carbonated drinks and snacks are vulnerable to the impact of shifting consumer tastes that might favor healthier options, or by governments looking to tax sweets and snacks.
Management & StewardshipPepsiCo has an above-average standard of corporate governance. Chairman and CEO Indra Nooyi, who has been at the helm since 2006, has been instrumental in shepherding some bold strategic moves, including the firm's increased focus on Good-For-You products and the acquisition of Pepsi's North American bottlers. While we would like to see the roles of chairman and CEO separated, we note that with Nooyi's ownership of over 1.5 million shares, combined with her incentive-heavy compensation package, her interests are likely aligned with those of shareholders. We further applaud the firm for its adoption of majority voting, allowing shareholders to vote against the election of a director, but we think allowing cumulative voting would further enhance the rights of the small shareholder.
Overview
Financial Health: Although the acquisition of Pepsi's North American bottlers measurably increased the company's debt (to $26.8 billion in 2011 from $8 billion in 2009), we view the firm as financially healthy, with the prospect of default remote. Even with its increased debt load, we expect the company's debt/EBITDA ratio to remain below 2, and EBITDA to cover interest expense by about 15 times on average during the next five years. We currently assign Pepsi an issuer rating of AA-, implying very low default risk.
Profile: PepsiCo manufactures, markets, and sells a variety of salty, convenient, sweet, and grain-based snacks, as well as carbonated and noncarbonated beverages. The company's broad portfolio of brands includes: Pepsi, Mountain Dew, Gatorade, Tropicana, Lay's, Doritos, and Quaker. Pepsi owns most of its bottling infrastructure in North America, but typically utilizes independent bottlers in international markets. Food accounts for approximately 50% of Pepsi's revenue. Additionally, 53% of Pepsi's top line comes from the United States.

''Bank of Japan Posts Whopping ¥233 Billion Loss As Its Soaring Balance Sheet Hits Record ¥156 Trillion''

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From ZeroHedge

.................''the Bank of Japan, just reported that in the quarter ended September 30, the Japanese central bank reported an operating loss of ¥183.4 billion, and a net loss of ¥232.9 billion. As a comparison, the loss in the same period in 2011 was "only" 91 billion. This is a harbinger of the total collapse that is the utterly meaningless capital tranche of all central banks will go through before the terminal phase of the global Keynesian experiment is finally completed.''

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''The JFK Assassination and the Lost Prospects for Peace''

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From GlobalResearch

''During the Kennedy Administration there was an unmistakable reconsideration of the relationship between the permanent wartime economy with the broader national and international political economy. This was evident not only in JFK’s move to scale back US involvement in Vietnam, evident in National Security Action Memorandum 263, but also in his attempt to dismantle the Central Intelligence Agency, and challenge the power of the Federal Reserve Bank by issuing genuine silver-backed currency. In very short order such actions were overturned by Lyndon Johnson and the US was plunged into a murderous and costly war. With Kennedy’s passing the world’s inhabitants may have lost any serious prospect of world peace.''

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''BBC Documentary | The Money Trap | How Banks Control the World Through Debt''

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From BBC

Comment from the YouTube page............''This programme is a deception which is typical of the BBC. If the BBC were truly independent it would be explaining to viewers how all money is created as debt by fractional reserve banking. All sovereign debt and all personal debt is created out of fresh air on which interest is then charged. This fake debt is the justification for 'austerity' The families behind the privately owned central banks, who also control the mainstream media have conned the human race. This is FACT not theory.''

''CEOs Use Smokescreen of Federal Debt to Promote Corporate Tax Breaks''

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From ALLGOV

''What was promoted as a plan by corporate CEOs to help pay down the federal deficit could really turn into a revenue windfall for some of the largest companies in the U.S.

The Campaign to Fix the Debt, a business group led former Bill Clinton Chief of Staff Erskine Bowles and former U.S. Senator Alan Simpson (R-Wyoming), recently proposed a deficit reduction plan that they contended would require CEOs to pay a higher tax rate.

After examining this proposal, the Institute for Policy Studies (IPS), a liberal think tank, concluded that because corporations would score big if their plan was adopted by lawmakers and President Barack Obama, the CEOs would receive greater compensation despite the higher rate.

Among the provisions advocated by the Campaign to Fix the Debt is a territorial tax system, which would allow corporations to bring home overseas profits and pay little or no tax on them. In all, the savings could amount to $134 billion for the 63 publicly-held companies that have joined the Bowles-Simpson group.

The biggest winners would be General Electric ($35.7 billion), Microsoft ($19.4 billion), Merck ($15.5 billion) and Cisco Systems ($14.5 billion).''

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''Shadow Banking-How Wall Street "Privatized" Money Creation''

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From CounterPunch
By Mike Whitney

''Regulators are worried about the explosive growth of shadow banking, and they should be. Shadow banks were at the heart of the last financial crisis and they’ll be at the heart of the next financial crisis as well. There’s no doubt about it. It’s simply impossible to maintain a system where unregulated, non-bank financial institutions are able to create their own money (credit) without oversight or supervision. The money they create–via off-balance sheets operations, securitization, repo or other unmonitored mega-leveraging activities–feeds into the economy, creates artificial demand, lowers unemployment, and fuels growth. But when the cycle slams into reverse (and debts are no longer serviced on time), then thinly-capitalised shadow banks begin to default one-by-one, creating a daisy-chain of counterparty bankruptcies that push stocks into a nosedive while the economy slips into a long-term slump.''

read more 

Markets,Mobs and Messiah's:NY Times promotes Agora Inc. Parasite-Zombies Bill Bonner, Lila Rajiva and their Financial Frauds

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Markets,Mobs and Messiah's:NY Times promotes Agora Inc. Parasites-Zombies Bill Bonner, Lila Rajiva and their Financial Frauds

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Note the recent rant from Lila Rajiva below  to whom in email correspondence in 2005 I told  about being defrauded by Agora Inc.'s James Dale Davidson in a 'biotech' pennny stock called Endovasc.Nonetheless she immediately emailed in response that Agora Inc was a very ethical company AND SHE WAS NOW IN THEIR EMPLOY.I suspect she was already in their employ when she forst began the email correspondence to me in the first place.Any fool could veriufy that I have NEVER been an employee of Agora Inc. and that I have been complaining  about their frauds and their stock share or 'securities' money laundering activities since at least 2003 including to the U.S.SEC or Securities Exchange Commission that protects them instead of prosecuting them ! It is Lila who lies about such frauds being the victim of so-called 'naked short selling' or counterfeiting of sharers rather than the very real shares that insiders to the fraud dump into the market that the U.S.SEC refuses to audit.She is also connected to Agora Inc - George Tenet friend Gordon Duff of VeteransToday(by way of their past coordinated  dirty tricks anti-Julian Asssange-Wikileaks attacks of a while back) who promoted the bombing of innocent civilians in Libya and whose mutual friend Bud Burrell with his Geico BILLIONAIRE SON Partick Byrne Overstock.com connections who also  LIED about frauds like Endovasc, CMKX Diamonds,USXP penny stock fraud and Overstock.com,etc.being victims of 'naked short selling' has been threatening my life while Lila the Agora Inc prostitute cheers him on !I HAVE ALSO TOLD LILA TO GIVE ME A COMPLETE LIST OF THE SKKKUM SHE IS CONNECTED WITH AT AGORA BECAUSE UNLIKE HER I DON'T KNOW  NOR LIKE ANY OF THEM .I do indeed curse all Agora Scum she mentions below regardless of their Republican or Democrat credentials or with their Libertarian credentials or just regular fascists and money launderers  credentials and their crimes against the American and international public ! Note that ex U.S. Congressman Robert Bauman, who she mentions below, is a pedophile as well as money launderer-something that Lila apparently purposely ignores although that was the main purpose of my writing about him in the first place as well as his shady financial activities in Uraguay ! I could care less if he or any of Agora Inc scum was a Republi-con or a Demo-rat !
Note she defends self-admittted Agora Inc gay pedophile Robert Baumer or 'Bob Bauman .....'as much more likely to be an IRS/DOJ honey-pot' ! Huh ?!
The 'woman' Lila Rajiva (or whatever it is),is SICK but that's that's how she-it qualified to be an Agora Inc. employee in the first place and she never deals with the fact that Agora employee Rwey Riverea who appeared to be investigating his employees in 2006 mysteriously 'fell' to his death from the Belvedere Hotel in 2006 !And just what does  Agora Inc and National Taxpayers Uniuon founder James Dale Davidson  know about the death of his formmer NTU President who was found 'in peace' by unnanamed NTU employees in his house in Washington D.C. a while back Lila Rajiva ? And Chris Amberger is NOT a
WHISTLE BLOWER' Lila - he is an Agora Inc. prostitute just like you ! :

Below from Lila about me:

Subsequent to my posting this, the Agora disinfo agent/troll/paid basher Ryals reposts Amberger’s comments to him (rather than Amberger’s blog posts about Agora), simultaneously discrediting and neutralizing Amberger by an unsubstantiated smear (Nazi Stasi), just as he posts any substantial criticism of Agora, ALWAYS with slurs about the critics and always with OLD NEWS about Agora, usually attributing criminal behavior to the critics, for which he gives not a shred of proof.His response fails to mention the people who really are responsible for Agora’s marketing and selling today - Myles Norin (CEO), Matthew Turner (counsel), Addison Wiggin (chief of Agora Financial, its flagship subsidiary, and also heavily involved in Oxford Group, Michael Masterson (Mark Ford), Byron King, Alexander Greene, Mike Ward, Julia Guth, and many others, whose border-line promotions were all deconstructed by Christoph Amberger. Instead, Ryals tries to discredit Amberger’s whistle-blowing. No question Ryals has some kind of tie to Agora.
To make things clearer, Agora is not solely Bonner’s company but owned by several people, some of whom no doubt have axes to grind with others. Bonner himself might have enemies within the company, for partisan, financial or personal reasons.
Notice how Ryals only focuses on the Republicans in the group, like Bonner, presumably Casey, and Robert Bauman, who specializes in the admirable field of asset protection. Now, unlike the state-worshipping fraud Ryals,  I would love to believe Bob Bauman is a really good asset protector (aka money-launderer), but, alas, if he is not what he seems (and I haven’t seen anything concrete to suggest that), he is much more likely to be an IRS/DOJ honey-pot, if I know how these things work.
That’s what I believe large parts of the  asset-protection racket really is about, when it’s not about espionage and government-related money-laundering.
That might include the over-hyped Simon Black, who also seems to be a part of the LRC-Agora crew and constantly tells people that Singapore is a great place for financial security, when anyone who even researches the matter in a skimpy way will figure out that Singapore is crawling with Mossad and CIA.
- Lila Rajiva

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It's hard to say what is most ludricrous about Agora Inc.'s,thedailyreckoning.com  and  Bill Bonner's hack writer  and internet dirty tricks co-author Lila Rajiva of Mobs,Markets and Messiahs'.Her or its latest bs about me who was defrauded by the very 'company',Agora Inc,that she was employed by in 2005 when she and her Agora colleague, Porter Stansberry, wrote to me in 2005 with the intention of shutting me up about the fraud that was and STILL IS Agora Inc.,is posted below.I have been posting  about her and her sleazy companions of Agora Inc a lot lately in response to her comments and lies as usual,about me on her blog,mindbodypolitic.con.One year after the email from her and Porter Stansberry followed by her disclosure that she had written not as a disinterested writer but really as an employee of Agora Inc.  one of their fellow Agora Inc. employees,Rey Rivera, 'mysteriously' fail to his death from atop the Belvedere Hotel in Baltimore,Anyway today I note the blog below posted by her only on the 6th of this month has been disappeared by her,something she oten does,so it is even more valid I repost it here.What you can take for granted about the term 'messiahs' in the title of Bonner's and Rajiva's book is that every member of Agora Inc fraudulently promote themselves as some sort of stock market or commodities trading guru or 'messiah', from James Dale Davidson who pioneered the bloated ego to Porter Stansberry who who claims to have 'predicted' more financial crisis social crisis than James Davidson and Nostradamus combined.

Mobs,Messiahs,and Markets: Surviving the Public Spectacle in ...

www.amazon.com › Books › Business & Investing › Investing Rating: 3.8 - 98 reviews - $17.84 - In stock"Mobs, Messiahs, and Markets by William Bonner and Lila Rajiva is a fascinating work....downright hilarious...a serious look at an important phenomenon in the ...

7 Results – Visit Amazon.com's William Bonner Page and shop for all William Bonner ... With political journalist Lila Rajiva, he wrote his third New York Times best seller...

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It may have been no coincidence between that death of Rey Rivera and the fact that his name had been placed on Porter Stansberry's latest penny stock fraud promoton rag called 'The Rebound Report' at that time,and that none of the sleazy pump and dump 'public companies' it promoted 'rebounded' from their worthless share prices anymore than Rey Rivera 'rebounded' when he crashed through the roof of the building below the Belvedere Hotel, but instead plunged even lower thus defrauding anyone who took their advise to buy !

Now I see this statement on Lila's Googled blog but can't find the statement when I go to her blog.I presume she is saying that she was 'served me with a Breach of Separation Agreement ' but then again she has been bringing Agora Inc.'s Stai Nazi,Christof Amberberger,I feel Amberger could tell us alot about  the Israeli-Austrian billionaire Martin Schlaff,who like the Agora folk has a few skeletions in his closet as well,including deals with Russia President Vladmir Putin and of course about Schlaff's sidekicks in U.S.penny stock fraud and money lñaundering,the Grin or Grishpon brthers,David,Eugene and Abraham,who also have an Agora Inc.-James Dale Davidson connection.Don't believe a word that Lila tells you about Agora and Bill Bonner having sent her a 'Breach of Separation Agreement' being a sign of her integrity.THE PROSTITUITE LILA RAJIVA HAS CLUNG TO AGORA AND BONNER LIKE HER PIMP FOR LIFE AS LONG AS SHE COULD AND ALL FOR THE PURPOSE OF HOPING TO MILK A BIT MORE OF THE MONEY THEY STOLE FROM PEOPLE LIKE ME TO PUT INTO HER ROTHSCHILD GOLDVAULT ACCOUNT IN THE UK,ETC.!And note that the Christian Science Monitor has bee taken over by the criminals of Agora Inc and are promoted in the 'newspaper' or digital rag even more than the white 'Jewish'
scum of the NY Times promote them ,just as they of course promoted the post 9/11 lie for W Bush and his Zionist dominated regime that Sadam Hussein had all those 'WMDS' and was coming for us in UAV's or 'drones,sometrhing that in retrospect it was 'coinciodentally' the U.S. and Israeli military industrial complex was developing all the time without telling the public ! 

The Mind-Body Politic » individuals, not ideologies

mindbodypolitic.com/2 days ago – To: lilarajiva. Just in case you still have doubts about my “links” to Agora. They just served me with a Breach of Separation Agreement ...



In light of NY Times and the Arthur Ochs Sulzberger German Jewish and Zionist war and financial crimes family that run it,if they promote Agora Inc because it really does have Rothschild connections just as other entitities with the name Agora have been found to have Rothschild crime family connections ? 
NYT boss: “I don't blame Miller for the lack of finding WMD” | Poynter.
www.poynter.org/...news/.../nyt-boss-i-dont-blame-miller-for-the-lac...Mar 22, 2004 – New York Times publisher Arthur Sulzberger Jr. was asked at a ... about Judith Miller and her reporting on weapons of mass destruction(in  pre-invasion Iraq)....
This is what I posted on my blog about Agora Inc.'s Bill Bonner and his 'free' pr over the years from Sulzberger's NY Times a while back.:
http://wolfblitzzer0.blogspot.com/2012/04/bill-bonneragora-incproof-that-new-york.htmlBill Bonner,Agora Inc.:Proof that New York Times Arthur Sulzberger, Paul Krugman, involved in Israeli International Stock Fraud Money Laundering Against Americans by Tony Ryals
James Dale Davidson, and NOT Bill Bonner,(as erroneously claimed by The New Times' article about Mr.William Bonner's Saint Simon mansion in France  below), is the real founder of CIA and stock fraud money laundering connected Baltimore,Maryland based Agora Inc 'holding' company. James Dale DSavidson aka James Davidson in SOME SEC FILINGS ETC., is also the founder of the far right wing newsmax.com that is occasionally cited or promoted by  Rupert Murdoch's Fox 'News' channel.Davidson has always claimed to be founder of Agora Inc.with its web of interconnected scammy websites that mainly tout penny stocks or other mortgage gold or other financial frauds and are VERY connected to the CIA as William Colby's employment there before his mysterious death in the 1990's attests..Since James or Jim Dale Davidson  and Porter Stansberry were taken to court by the SECi n Utah  for touting or promoting the 'biotech' penny stocks Endovasc and Genemax as well as the nuclear refining and recovery stock 'USU' or USEC in 2003,using his Agora Inc 'Vantage Point' website and mail promotions,he has been quiet about his claim to having founded Agora Inc..Instead Bill Bonner,a long time associate of James Dale Davidson and accoring to Porter Stansbery,(personal communication), a childhood friend,takes full credit for founding Agora Inc.in his stead.........
also....wolfblitzzer0: CIA George Tenet and VeteransToday Connected ...wolfblitzzer0.blogspot.com/.../cia-george-tenet-and-veteranstoday.ht...Jan 29, 2012 – Julian Assange,Wikileaks:Veterans Today Editor Gordon Duff is A CIA,George Tenet Prostitute,So is Agora Inc.'s Lila Rajiva ...............

The simple fact is that the NY Times can't credibly deny not knowing that Agora Inc,founded by James Dale Davidson and NOT by Bill Bonner as he lyingly claims,hjave been running stock fraud shares money laundering operations for deacades now and are protected with their Washington,D.C. and CIA and SEC connections from prosecurtion which is why it is just another shame and wscandal that the New York Times aids and abets them by promoting their self promotional books whose only purpose is to lure more investors into their lair to be raped robbed and defrauded !http://mindbodypolitic.com/2012/09/06/more-ip-shenanigans More IP 

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ShenanigansFrom Agora Financial September 6, 2012 // 2 Comments
By Lila RajivaTags: agora, amberger, blogging, Bonner, davidson, fraud, IP, Mobs, Norin, Ryals, Turner,Wiggin
Posted in: Lila at The Daily Reckoning, Pols and Pundits, Propaganda, Psyops

Agora Financial’s Daily Reckoning  runs Jeffrey Tucker’s original review of “Mobs,” in which he turns me into an editor, while assigning parts of the book written by me to Mr. Bonner.The wording  Tucker uses at Daily Reckoning (Sept. 5, 2012) is the same as the original wording at Laissez Faire books (an Agora subsidiary) on March 10, 2012 that he  changed to this revised version, after I  objected to the original on March 24.Of course I have screen shots, but you can see what it looks like by reading the review at DR on Sept. 5, which  reads just like the original March 10 review at Laissez Faire Books.Note the substitution of “editorial help” for “co-authorship” in the Sept.5 review at the Agora website:

“Written by Bill Bonner, [should be: co-authored by] with expert editorial help from Lila Rajiva, the book covers in great detail the transformative decade from the late ’90s to the late 2000s, and therefore chronicles everything crucial to understanding the world as it is today: the digital revolution, the rise of the police state, the move from boom to bust, the end of American economic supremacy, the expansion of imperial violence.”

Again, the review uses a quote from my writing, previously published under my name, and passes it off as Mr. Bonner’s.This is not only incorrect and unethical, in the context of everything else that’s gone before, it is fraudulent and malicious.But that seems to be “libertarianism,” ala Agora Inc.Might makes right …..while quoting Tolstoy.I’m assuming, of course, that Mr. Tucker isn’t aware of this use of his article. I hope he is not.Just to give you a quick recap of the history of this strange business, here is the passage about fake news during wartime throughout the Iraq conflict:“Fake news is not news at all. It’s old news. Storyboarding does to the news what waterboarding does to prisoners — it persuades it to say what you want to hear. Hoodwinking the enemy on a classical battlefield — which follows its own rules of engagement — is one thing. Bamboozling civilians in modern total warfare is rather different. And swindling the crowd cheering at home is something else altogether.By that standard, American chariot wheels have not just hit the ground. They have gone through it and are burrowing down into Hades. Storyboarding was directed not at the population in Iraq, which is supposed to be a born-again democracy now, anyway. It was aimed at the population back home in America.Journalists who faked news stories were firing on this pathetic home crowd, making it impossible for the lumps to get even the tiniest scrap of real information about the war, even though they were being asked to give up their children for it. They thought they were volunteering to fight for the republic; they didn’t know they were signing up for the Aztec child sacrifice.”You can see that it is taken from this piece of mine:“Rise of the Sofa Samurai”Also published on the web, before that date in 2006.[I have written several similar pieces on Iraq war propaganda, "Radio Free Iraq" and a whole bunch of others are at the old Dissident Voice archives. You can find them on my blog, under the tab ARTICLES.]You can see my previous attempts to have incorrect attributions at Agora changed here in 2009 in this post and then here, in this comment on an incorrect attribution.You can see Mr. Bonner’s responses affirming our agreement about attribution and my authorship of half the material in this blog post (2010), and  this blog post.What’s this new attempt to revise history about?Well, thinking back, there are two recent posts of mine that might have triggered these new attacks on my IP:POST Paul-Lehrman Connection Meaningless, Says Daily Bell (August 24) - the update at the top was written AFTER Tony Ryals attacked me again, on August 28 and August 31, and then twice after, though those last two posts have been removed/changed. I suspect that might have been at the request of someone friendly to Agora…..which just shows you that Ryals is a troll favorably disposed to the main operators there, as I’ve always suspected.PAGE TAB Lila at the Daily Reckoning (latest update):The most recent update (one is at the top and then, scroll to the middle for some additional juicy details regarding the “empire-building fantasies” of Mr. Wiggin, whose “issues” started this whole fracas).The updates mention Agora Financial and ask why Tony Ryals (the guy who has been slandering me since November 2007) should pick on someone who had nothing to do with the company, except for the brief time I spent co-writing the book with Bill Bonner and my editorial work and research at the Daily Reckoning.The updates suggest that maybe Mr. Ryals has some associates at Agora itself.I suspect it is this commentary that has triggered the latest bit of IP fraud at Agora.Too bad, since my updates were intended only as a response to fresh harassment in the form of libelous posts from Mr. Ryals, dated August 3,August 8, August 13, August 28, August 31, Sept 3 and Sept 5. (after lifting, on August 1, a blog post of mine from July, about the link between Chomsky, Rothbard, and Davidson, from the Mises archives).That’s seven libelous posts about one person in one month…in a series that goes back to November 2007.  In total, there are scores of libels, maybe a hundred such or more, and a few other attacks that Ryals instigated against me, before the authors became aware that they were dealing with a troll.Mr. Ryals seems to have removed the later two posts and added another (dated Sept 5, see above), which mentioned Mr. Christoph Amberger, the senior Agora employee whose running commentary about the company was shut down in 2011.Those deleted (changed?)  posts of Ryals also quote my reference to Mr. Wiggin (Agora Financial chief) and Mr. Myles Norin (CEO), and Mr. Matt Turner (lawyer), by name. You can see them here in the screen shot I took of the Ryals September 5 post, which is now deleted: changed:
Tony Ryals Sept 5 blog commentsI daresay, that was seen as lese majeste.Mr. Ryals, in any case, came no where near responding to my question, which asked why he never mentions the people really in power at Agora .That’s the background.Now here’s Jeffrey Tucker’s Laissez Faire Review (March 10, corrected on March 25, 2012) with his improved attribution.****Even this is not accurate, since I didn’t make “co-authored contributions,” but actually wrote about half the book and extensively rewrote and edited Mr. Bonner’s half as well.

“in the spring of 2012, Bill Bonner, founder of Agora Inc., took a break from his daily column in The Daily Reckoning, and, like hundreds of thousands of others, I went through withdrawals. Fortunately, I had a copy of his wonderful book, Mobs, Messiahs and Markets, to devour as I awaited his return.This is a book, written with co-authored contributions from Lila Rajiva, that lifts the fog spread by governments and mainstream media so that we can all see reality for what it is. It covers in great detail the transformative decade from the late ’90s to the late 2000s, and therefore chronicles everything crucial to understanding the world as it is today: the digital revolution, the rise of the police state, the move from boom to bust, the end of American economic supremacy, the expansion of imperial violence.”

So, apparently, Mr. Tucker cared enough for his reputation as a scholar to make a partial correction at Laissez Faire Books, but that has not prevented whoever ran the piece at Agora Financial from using the old version.So why all these childish shenanigans?I can guess.While claiming more than his (Wiggin’s) fair share of credit on Empire Of Debt, 2005 (with Bonner), Wiggin can at the same time polish up his “team spirit” cred by giving the boss more than his (Bonner’s) fair share of credit on a book, in which Mr. Wiggin has no skin involved. That would be “Mobs.”It’s like the NWO elites and the Muslims.The elites steal from the Muslims in Israel, where the Palestinians have a just claim against them, and they make up for that by bending over backward for Muslims where Muslim claims are not just, as in Kashmir, where Hindus, rather than the elites, are injured by the revanchism.Agora Financial seems to be playing the same kind of game.Not surprising, considering their multiple ties to the elites

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Note that Lila Rajiva makes no mention below of 'conspiracy theorist' Alex Jones other connection to Agora Inc and Porter Stansberry so I place  links to that here.:

Agora Inc.,Money Launderer, Murder Suspect Porter Stansberry and ...

raisethefist.com/news.cgi?.../Agora...Porter_Stansberry...Alex_Jones...Agora Inc.,CIA,International Money Launderer, Murder Suspect Porter Stansberry and Alex Jones by Tony Ryals When my best friend, Rey Rivera, disappeared ...

Porter Stansberry - Wikipedia, the free encyclopedia

en.wikipedia.org/wiki/Porter_StansberryFrank Porter Stansberry is an American financial publisher and the creator of the ... by radio host Alex Jones) have been featured on an array of U.S. media outlets. ... He is currently the editor of Agora Inc.'s internet financial newsletter Porter ...

Why Are MSNBC and CNN Continually Running Fear Mongering ...
►►	videocafe.crooksandliars.com/.../why-are-msnbc-and-...Mar 13, 2011 Agora Inc.,CIA,International Money Launderer, Murder Suspect Porter Stansberry and Alex Jones by Tony ...

Celebrity “alternative”: the case of Alex Jones

by Lila RajivaSeptember 7, 2012 // 0 CommentsPosted in: UncategorizedAn interesting post from  FauxCapitalist on the “mainstreaming” of alternative activists. You can also call this commodification of dissent or dissent-porn:

“For someone who is, by his own words, allegedly one of the biggest threats to the New World Order, Alex Jones certainly has some high-powered connections into mainstream media, as mostly vividly demonstrated by his February 28, 2011 appearance on The View.
His June 8, 2012 Infowars.com article, Alternative Media Becoming Mainstream, may have been a sign of things to come, given this celebrity lineup in the two months since, as shown on his prisonplanet.tv show archives:
Richard Belzer – August 16
“Alex is also joined by actor, stand-up comedian and author Richard Belzer. Mr. Belzer has an expansive career as an actor and has appeared in NBC police dramas such as Homicide: Life on the Street and Law & Order: Special Victims Unit.”
John Rocker – August 15
“On the Wednesday, August 15 edition of the Alex Jones Show, Alex talks with John Rocker, the retired American Major League Baseball relief pitcher who played for the Atlanta Braves and other teams.”
Dave Mustaine – July 26
“On the Thursday July 25th edition of the Alex Jones Show, Alex airs an interview he recorded this past weekend with American virtuoso guitarist and legendary lead vocalist for the almost three-decade strong, highly influential thrash-metal band Megadeth, Dave Mustaine.”
Charlie Daniels – July 20
“Alex also welcomes back to the show to country and southern rock music legend Charlie Daniels.”

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Just a few of my favorite things…

September 7, 2012 // 0 CommentsPosted in: Uncategorized
In which I remember a few of my favorite things about my not-so-favorite haunt , which seems touchingly unwilling to forget me, since it never lets a week go by without some fresh idiocy intended to injure me in small ways or great, if not directly, then via proxy.
What are my favorite things about a certain internet financial newsletter company?
Name-dropping poseurs and witless stool-pigeons,
Pumped-and-dumped metals and warmed-over cribbings,
Quick process service that’s secret and stings,
These are a few of my favorite things!
When my blog bites, when your sleaze stinks
When I’m feeling sad,
I simply remember
my favorite things
and then I don’t feel so bad!
One of those favorite things is an email (see below) from former Agora senior executive and classical swordsman, Christoph Amberger, describing how his perfectly libertarian blog GreenLaserReview was shut down last year using an illegitimate expansion of a separation agreement.
Surely there’s no violation of the Non-Aggression Principle in truthful speech is there, especially when libertarians defend even untruthful libel?
Originally affecting only a subsidiary, the agreement was expanded suddenly to  prohibit any commentary on any part of the company or its personnel.
And for good measure, Mr. Amberger’s name and bio were to be taken off my website, lest they provide me with any credibility in regard to my own assertions.
He was, so he told me,  forbidden to discuss anything about the company and its history, nor any details, past, present, and future, with me;  whether relating to the public interest, community safety, criminal or civil investigation, my personal safety, or any related matters, past, present, or future.
Or something like that. At least, so he told me.
As for his own past history there, that seems to have been as completely wiped out as a dissident in Soviet Russia.
I guess that’s what Tom Woods meant when he said corporations respond only to price-signals and aren’t centrally managed in any way.
You forgot about judicial and legal corruption, Tom.

All libertarians forget that their “voluntary contracts” are enforced by the government via the courts, which, last I looked, were among the most corrupt and tyrannical institutions in the country, and by the lawyers, whose reputation as professional whores is only exceeded by..um..that of stock-touts.

From: Secret Archives Press
Date:Thu, April 28, 2011 7:52 pm
To: lilarajiva
Just in case you still have doubts about my “links” to Agora. They just served me with a Breach of Separation Agreement threatening to sue me for $3.9 mill. unless I removed any reference to them, their subsidiaries, and employees from my site.
Christoph

More Tolstoy anyone?
Seriously, though,  a little Roth…er…Red goes much better with an entree of “libertarian” hogwash…

WTC,9/11:OWS and U.S.Government Agent Saboteurs:Veterans Today's Gordo Duff ,Arizon Militia Killer JT Ready,Sheriff Arpaio,et.al.

To contact us Click HERE
WTC,9/11:OWS and U.S.Government Agent Saboteurs:Veterans Today's Gordo Duff ,Arizon Militia Killer JT Ready,Sheriff Arpaio,et.al.Watch out for being associated with or even lauded by Gordon Duff's VeteransToday digital rag which like I said features the pseudo anti Zionist Gilad Atzmon who doesn't even have the balls,or should I say ethics,to acknowledge he familial connection to Shin Bet murder suspect of 9/11 infamy Menachem Atzmon of ICTS International who STILL has the run of Queen Bitch Beatrix's Schiphol Airport in Amsterdam even after allowing the so-called Nigerian Islamic 'crotch bomber' Mutallab to board flight 253 from Schiphol to Detroit aboard flight 253 on Christmas 2009 !And while you might not be too shocked because George Tenet is someone you have probably met and even chatted with just like Henry Kissinger,I was not pleased at all when Duff bragged of his close and approving connectioons with that lieing 9/11 mass murdering scum bag and also CIA money laundering SON OF A BITCH.Yes he created the CIA employee's self enriching In-Q-Tel as much to put extra cash in his corrupt CIA boys pockets or offshore accounts to boost their 'morale',(not to be confused with morals),as for the purpose of using this fraudulent 'non-profit' for corporate sabotage and spying on private enterprise.Besides hinting that he is some kind of 'war heroe' Duff also hints at having some kind of connections to and with international banking although leaves any details as vague as his supposed Vietnam war heroism.I cringed when he said claimed to be sending people to aid the innocent young Americans of OWS as they were exercising their non existent right to freedom of assembly on the streets of Amerikkka.A while back one of those he Duff endorsed and who showed up to 'help' those innocent OWS protesters in Sheriff Arpaio's corrupt Phoenix,Arizona was a 'man' with a militia name J T or Jason T Ready with guns in hand - the last thing peaceful young Americans want to be associated with ! Ands only a short while ago this armed militias bully who should have been arrested by Sheriff Arpaio in order to protect OWS protesters and others in Phoenix but wasn't,and who began to run for sheriff in another Arizona county,up and killed himself with his own militia guns that Arpaio ignored - but not until he mass murdered the woman he lived with and her daughter and an ex Iraq veteran who lived with the daughter among others ! So much for the credibility of Gordon Duff much less his Zionist City of London Israeli pal Gilad Atzmon,relative of 9/11 mass murder suspect Menachem Atzmon. I think its ashame those scum at VeteransToday are even allowed to co opt the name of Veterans and use it for their right wing fascist political agenda such as promoting the bombing of Libya etc. and pretending-lieing that Israel opposed the bombing of Libya !...........................WTC,9/11:OWS and U.S.Government Agent Saboteurs:Veterans Today's Gordo Duff ,Arizon Militia Killer JT Ready,Sheriff Arpaio,et.al.Note Gordon's self made resume.He claims 'extensive experience in international banking'.While he is really connected to stock fraudsters like Bud Burrell and James Dale Davidson's Agora Inc through CIA ex Director George Tenet who was actulally involved in pointing the finger at Iraq and away from Israel and Saudi Arabia,et.al. immediately after 9/11.Duff as I have saiud before has a riminal mind and told his readers we should be in favor of bombing innocent civilians in Libya supposedly because Israel was against it which is and was as far from the truth as you can get. http://www.veteranstoday.com/author/gordonduff/BIOGRAPHYGordon Duff is a Marine Vietnam veteran, a combat infantryman, and Senior Editor at Veterans Today. His career has included extensive experience in international banking along with such diverse areas as consulting on counter insurgency, surveillance technologies, intelligence analysis,defense technologies or acting as a UN diplomat and "special consultant." Duff currently serves on the boards of the Adamus Group, one of the world's largest energy technology firms and of a private financial institution participating in the Federal Reserve Banking group. His most recent project adapts advanced military technologies to wildlife and land management in cooperation with the UN, USAID and International Wildlife Federation. Gordon Duff has traveled to over 80 nations. His articles are published around the world and translated into a number of languages. Duff, military affairs analyst for Press TV, is regularly on TV and radio, a popular and sometimes controversial guest. Visit Gordon Duff's YouTube Channel.Watch out for being associated with or even lauded by Gordon Duff's VeteransToday digital rag which like I said features the pseudo anti Zionist Gilad Atzmon who doesn't even have the balls,or should I say ethics,to acknowledge he familial connection to Shin Bet murder suspect of 9/11 infamy Menachem Atzmon of ICTS International who STILL has the run of Queen Bitch Beatrix's Schiphol Airport in Amsterdam even after allowing the so-called Nigerian Islamic 'crotch bomber' Mutallab to board flight 253 from Schiphol to Detroit aboard flight 253 on Christmas 2009 !And while you might not be too shocked because George Tenet is someone you have probably met and even chatted with just like Henry Kissinger,I was not pleased at all when Duff bragged of his close and approving connectioons with that lieing 9/11 mass murdering scum bag and also CIA money laundering SON OF A BITCH.Yes he created the CIA employee's self enriching In-Q-Tel as much to put extra cash in his corrupt CIA boys pockets or offshore accounts to boost their 'morale',(not to be confused with morals),as for the purpose of using this fraudulent 'non-profit' for corporate sabotage and spying on private enterprise.Besides hinting that he is some kind of 'war heroe' Duff also hints at having some kind of connections to and with international banking although leaves any details as vague as his supposed Vietnam war heroism.I cringed when he said claimed to be sending people to aid the innocent young Americans of OWS as they were exercising their non existent right to freedom of assembly on the streets of Amerikkka.A while back one of those he Duff endorsed and who showed up to 'help' those innocent OWS protesters in Sheriff Arpaio's corrupt Phoenix,Arizona was a 'man' with a militia name J T or Jason T Ready with guns in hand - the last thing peaceful young Americans want to be associated with ! Ands only a short while ago this armed militias bully who should have been arrested by Sheriff Arpaio in order to protect OWS protesters and others in Phoenix but wasn't,and who began to run for sheriff in another Arizona county,up and killed himself with his own militia guns that Arpaio ignored - but not until he mass murdered the woman he lived with and her daughter and an ex Iraq veteran who lived with the daughter among others ! So much for the credibility of Gordon Duff much less his Zionist City of London Israeli pal Gilad Atzmon,relative of 9/11 mass murder suspect Menachem Atzmon. I think its ashame those scum at VeteransToday are even allowed to co opt the name of Veterans and use it for their right wing fascist political agenda such as promoting the bombing of Libya etc. and pretending-lieing that Israel opposed the bombing of Libya !Godon Duff quote: http://www.veteranstoday.com/2011/10/06/a-marine-discusses-the-wall-street-protest-and-nypd/Back during the 70′s, police were seen by many as the enemy of all Americans. Police died. Police forces had become bands of rabble, ripping off drug dealers, shaking down prostitutes, stealing everything that wasn’t nailed down. Cops drank on the job, got high every day and, often as not shot themselves. I have some experience with such things.I am more than familiar with what “on the job” means. Another Dangerous Terrorist Captured - Oh She's a Bad One for Sure! - Just Look at Those EyesLet’s talk a bit about 9/11. I have friends in NYPD. They know 9/11 was an inside job, that Building 7 was blown up that Mossad terror teams were chased all over town. More than a few were threatened with losing their pensions or being returned to uniform if they opened their mouths.A policy department is a petty tyranny, run by small time crooks and no matter how many brave and decent officers make up a department, it is still run by crooked politicians. NYPD has a tough history, has had a lot to overcome and has brought itself back from a very sad state. Because of that, officers serving in NYPD can be proud or, at least could have until recently.Now some of you have crossed the line. I’ve been there. This “us v. them” bull doesn’t work anymore. We have put veterans on the streets and we plan to send in more. I don’t care if every protestor is gay, communist or a rich college kid.I could care less........ - Gordon DuffNow note this involvement with and support or right wing militia killer from Arizona RT Ready who he defended even after Ready who was running for sheriff in Arizona cold bloodedly murders at least 4 peoplwe before committing suicide !:http://www.veteranstoday.com/2012/05/12/the-very-un-american-arizona-coverup/Sheriff’s candidate J.T. Ready’ body was discovered along with his family, either a murder/suicide or ambush/execution. Ready, of Mormon heritage, had been fighting a running battle with the local Village Voice and Steve Lemon over issues of “decency” and the Voice’s support for an “open border” and an end to all immigration controls. Ready questioned both the Voice and Lemon as being “pro-crime” though there is no evidence of their involvement in the killings. J.T. told VT reporters:“I see them as traitors. Peddling the rhetoric of “poor immigrants” no longer applies. We are being flooded with drug couriers and terrorists. Several hundred thousand illegals went back to Mexico recently because the job situation there for real workers is actually better. The “Voice agenda” smells of organized crime, not “liberal heartbreak.”One disturbing fact upsets the common misreporting and the police coverup. Ready had never fired a weapon, had no GSR (gun-shot residue) on his hands or clothing and his weapons, a .223 rifle and 9mm pistol were unfired.All information about the ballistics of this shooting has been withheld. The results of the autopsies have been withheld. In fact, calling this a “crime scene” at all is an abuse of the term. Forensics did everything but burn down the house and use a fire hose on the neighborhood.The news and police had lied about this and so much more. Now Ready, a flawed man, as imperfect as many, is the victim of a smear campaign orchestrated, oddly enough by a publication owned by Wall Street bank, Goldman/Sachs and police agencies under investigation for accepting bribes from narcotics cartels.We will lay out the truth, if you can “handle it”I interviewed Ready not long before he died. He, along with other regional Sheriffs/candidates had asked Veterans Today for our support and the best known of them for me to come out and appear on stage with him. This was not “J.T. Ready.”Mike Harris interviewed Ready twice before and was photographed near him when Ready attended Republican Party gatherings. Mike was then the GOP candidate for Governor of Arizona. The purpose of this is clear, after the Zimmerman shooting, the piracy and executions on the Mavi Marmara, Libya and so many other times when real military and intelligence leaders could only speak through Veterans Today to protect American freedoms and openly express support for justice and equality, things in short supply around here now, it is time for me to “take the gloves off.”Here are some facts that the news suppressed, police lied about, agencies have misled the public on. Later we will talk about who Ready was, the real person. The story isn’t going to be pretty.9 days ago, 4 people were killed at 1pm in Gilbert, Arizona. Among them was J.T. Ready who had most recently been seen running for sheriff of Pinal County Arizona, and defending “Occupy” protestors. This wasn’t the J.T. Ready of years before, during his one visit to the NSM. Mike Harris checked with that organization, one Ready was said to be closely aligned to. The NSM regional director said that J.T. Ready only attended one meeting, years ago.Careful investigation of the National Socialist Movement or “NSM” showed us several things:J. T. Ready was not an active member.Their beliefs are 90% “Ron Paul” or “Libertarian” with a bit of “Progressive” mixed in. In fact, none of this fits together, as though someone were “trying too hard.”They have reprehensible racial policies that parallel, not Nazi Germany but, in fact, the Likuist ultra-nationalists of Israel. They are an apartheid group.They are very small and deeply infiltrated and influenced by the Southern Poverty Law Center and Anti-Defamation League, two groups that fund and back “white supremacist” groups as a way of raising funds from Jews and African Americans. In fact, most “white supremacist” groups are, as investigations have shown, organized and funded by Jewish groups as a way of raising funds. If only I were kidding.Several years ago, Mike Harris reproached J.T. Ready for his short term association with this group, the NSM pointing out these obvious facts:How can you be a constitutionalist and favor apartheid at the same time. This is why Veterans Today has placed Israel on their list of “least democratic states” with North Korea and others.J.T. Ready served in the United States Marine Corps. This organization has a significant Hispanic presence, African American also, has Jews serving too, and members of all of these groups have given their lives for America. Ready admitted his error but was not interviewed by or spoken with by Harris for 2 years.Ready then formed the US Border Guards. The organization had an active working relationship with ICE, Homeland Security and the DEA. Ready socialized with members of these organizations and various Arizona police groups. He told Mike Harris, in a 2012 interview that it was at the recommendation of the DEA that he run for sheriff of Pinal County. To quote Ready:“My friends at the DEA said they needed someone like me as sheriff there, someone who would finally stand up to the drug gangs that were running the county. They said they were tired of having local law enforcement ‘always looking the other way’ when it came to drug cartels and organized crime.”....................Note that while this right wing website tries to use JT or Jason Todd Ready's appearance at an OWS or Occupy Wall Street protest as a 'proof' that OWS are or were 'terrorists' the fact is that it was racist Sheriff Jor Arpaio of Phoenix who allowed him to strut around with his guns endangering peaceful OWS protestoras and others in the vicinity and it was CIA George Tenet connected Veterans Today fascist and money launderer Gordon Duff posing as an anti-Semitic 9/11 'conspiracy theorist when in fact like his pal Tenet he is a Zionist himself and just the type of stock fraud and money launderer connected to CFRN or Christian Financial Radio Network money launderer Bud Burrell who is also 'coincidentally' connected to both SDheriff Arpaio of Phoenix as well to a convicted Rothsshild attorney in the UK !sTRQANGELY I CAN'T FIND OLD YOUTUBE VIODEO OF THIS RIGHT WING TERRORIST OF MEXICAN MIGRANTS AND NOW MASS MURDERER THAT GORDON DUFF AND VETERANSTODAY STILL DEFENDS AND EUOLOGIZES ON YOUTUBE.I guess threy hsvre been removed to protect the guilty.................. http://www.huffingtonpost.com/2012/05/03/jt-ready-gilbert-arizona-killing_n_1475985.htmlJT Ready, Arizona Border Vigilante Blamed for Mass Murder, Had State Republican Party TiesPosted: 05/ 3/2012 6:34 pmFOLLOW: Arizona Politics, Latino Politics, J.T. Ready, Jason Ready Murders, Jason Todd Ready, U.S. Border Guard, Gilbert Arizona, Gilbert Killing, Gilbert Mass Shooting, Gilbert Shooting, J.t. Ready Arizona, Jason Ready, Jason Ready Arizona, Jt Ready, Jt Ready Arizona, Jt Ready Gilbert, Jt Ready Mesa, Mesa Arizona, Russell Pearce, Russell Pearce Arizona, Russell Pearce Jt Ready, Politics NewsA border vigilante and avowed white supremacist who police believe killed four people and himself in a suburban Phoenix home on Wednesday was once allied with the Republican Senate majority leader who pushed through Arizona's harsh anti-illegal immigration bill in 2010.Police in Gilbert, Ariz. said evidence at the scene indicated that Jason Todd Ready, 39, shot and killed his girlfriend, the woman's daughter and her boyfriend, and her 15-month-old granddaughter before turning the gun on himself. Hazardous chemicals and "military grade munitions" were found at the home, police said.Ready, a former Marine known as "J.T.," founded and led the U.S Border Guard, a vigilante group that conducted heavily armed patrols of the Arizona-Mexico border with the aim of disrupting the flow of illegal immigration and drug smuggling.Ready served for several years as a Republican precinct committeeman in Mesa, a Phoenix suburb, and Russell Pearce, a Mesa Republican and former Arizona Senate majority leader, endorsed Ready's run for Mesa City Council in 2006, which he lost. The two were linked over their shared opposition to illegal immigration."One of the things that I appreciate about J.T. is the fact that I think he's committed, as a true patriot, to the real purpose and the limited purpose of government, kind of like the Republican platform that we have," Pearce said in an interview in 2006.Pearce then appeared with Ready at an anti-illegal immigration rally in Phoenix in 2007. But he disavowed the relationship in 2008 after his political opponents exposed Ready's extremist views, and he worked to have Ready removed from his position as Republican committeeman.On Thursday, Pearce issued a lengthy statement denouncing the killings and distancing himself from Ready."Regarding whether I knew J.T. Ready, I did, as did many of us who have been involved in Mesa politics for a long time," Pearce said. "When we first met J.T. he was fresh out of the Marine Corp and seemed like a decent person.""At some point in time darkness took his life over, his heart changed, and he began to associate with the more despicable groups in society. They were intolerant and hateful and like so many who knew him from before, I was upset and disappointed at the choices he was making."A posting on the Facebook page for Ready's border vigilante group speculated that their leader might have been the victim of a "hit" by Mexican drug cartels."Reports are unconfirmed that a cartel assassination squad murdered J.T. Ready and several of his friends and family this afternoon in Gilbert, Arizona," said the post, written by the page's administrator.But police said that that all of the evidence indicated that Ready killed his girlfriend and the other victims."Everything is looking to be domestic-violence related," said Sgt. Bill Balafas, a spokesman for the Gilbert Police Department.Balafas said police received a 911 call "about Mr. Ready going crazy inside the house," then a report about gunshots. By the time police arrived, Ready and three of the victims were dead. The 15-month-old girl was found severely wounded and died shortly afterward at the hospital.Police had been called to the house after previous domestic disturbances, Balafas said, but specific details about those incidents were not yet available.Harry L. Hughes III, the leader of a Phoenix white supremacist group, called Ready a "patriotic American," in a Facebook posting about the killings."J.T. Ready was my friend. He was a patriotic American, despite any negative views other people may have," he said. "Mr. Ready risked his life to protect this country from drugs and worked hard to help other people."Elise Foley contributed reporting.

Gordon Duff Pimps New Disinfo Which Indirectly Threatens Bloggers with Prison

Posted on August 20, 2011 by willylomanby Scott CreightonI thought Gordon Duff had gone completely insane when he started pushing that Dimitri idiot who claimed the Twin Towers were brought down by 3 40-year-old 150 kiloton nuclear bombs planted under the bedrock on lower Manhattan back in 1967 when the towers were first being built. Fat Man was the nickname of the plutonium based atomic bomb dropped on Nagasaki… it was 21 kilotons. Little Boy was a uranium based weapon dropped on Hiroshima with a yield of about 13-18 kilotons… just for the record.Actually, I didn’t think he was insane, I figured he was a disinfo agent getting paid to promote stupid bullshit to make the Truth movement look like idiots. Looks like I was right.Now Gordon is promoting some new, more dangerous kind of disinfo. Now he’s claiming that the rebel leadership is the rightful government of Libya because the US and Britain say so and that they have a “list” of journalists, writers, and bloggers who have been paid by Gadhafi apparently to write stuff that is not the official NATO approved version of what is happening over there. Duff goes on to say that these writers can be arrested and charged with a variety of crimes for writing these things.

“Reliable sources in Libya, both with rebel forces and in Tripoli have verified that records of payments made to activists, journalists, bloggers and other media personnel by Gaddafi have been turned over to rebel forces.The rebels, under the authority of the National Transitional Council,  constitute the legally recognized government of Libya in the instances of criminal jurisdiction, even in areas currently under the control of Colonel Gaddafi…As the rebel government has been recognized, since July 15 by the United States, Britain and other key powers, there are unseen potential legal ramifications tied to, not only war crimes, but for being unregistered foreign agents. Acceptance of payments from the Gaddafi regime (including funds deposited via a Gadaffi controlled corporation and then paid to an ‘agent’) is also considered “money laundering” in accordance with both US law and international convention. Each article is a felony count and there is a past history of prosecutions on the statute.“  Gordon Duff

Duff claims that Veterans Today “has staffers on the ground” with the rebels and repeatedly refers to the armed al Qaeda linked terrorists as the official government of Libya. Notice how many times he repeats that theme in this short article.

“The rebels, under the authority of the National Transitional Council, constitute the legally recognized government of Libya…”Received from representatives of the National Transitional Council, the recognized government of Libya…As the rebel government has been recognized, since July 15 by the United States, Britain and other key powers…” Gordon Duff

Hillary Clinton couldn’t have put it any better.I suppose a little blogger like myself shouldn’t worry too much. But ain’t it odd how Duff promotes this tripe trash basically threatening bloggers and writers to stick to the official narrative on Libya when someone like Stephen Lendman is publishing stuff like this on the same website?

“Falsified rebel gains are, in fact, unreported losses and disarray. Moreover, without NATO air support, they’d have been routed months ago. Air cover also gave NATO a chance to slaughter and injure thousands of Libyan civilians, as well as cause horrific mass destruction, related to imperial, not military, aims.Both Times writers also reported rebel claims of having Tripoli surrounded as well as key supply lines cut off. None of it is true, but fact-checking isn’t part of Times writers’ job description – just reporting accounts ordered by their bosses.” Stephen Lendman

I guess the threat here is that we should shut up or risk being charged with money laundering because some al Qaeda linked CIA stooge in Libya says our names are “on the list”. Of course, that list itself will be super-duper top secret and therefore it won’t be produced in a court of law. We’ll just have to take their word for it.Cute development huh? Leave it to Gordon Duff, the guy who brought us Dimitri what’s his name, to start spreading this crap around the blogs.

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Tony Ryals, on October 19, 2011 at 5:58 pm said:Because my reply to Gordon Duff’s most recent hypocritical ‘editorial’,in which he pretends to befriend the Wall Street protesters while in fact he is part of the international stock fraud and money laundering criminals who disappeared Fannie Mae and Freddie Mac and myriad other shorted and manipulated stock shares into money in his and his pals’ offshore accounts will never see the light of day on his fraudulent ‘veterans’ website, I decided to post it here with a link to his most recent self serving dribble.I’m sure 40 years ago Mr.Duff must have been protesting the Viet Nam war rather than the war profiteering ‘work’ he does today.A Short Note to Readers
A Rare OpportunityBy Gordon Duff, Senior Editor
I have waited 40 years to see young people on the streets. I don’t care if they all understand economics or that maybe Wall Street itself may not be the center of all evil in the world. What I see and many don’t is that this is going on around the world, Americans are getting suppressed news.
These kids, anyone under 50 is a kid to me, make me proud. We have sent vets to help protect them by shaming police. It has worked, not perfectly but some…….. – Gordon DuffDear Gordon Duff,
How could a penny stock fraudster and Bud Burrell and George Tenet associate and money launderer like you pretend to want justice for Wall Street protesters ? That would mean that you would be jailed ? You must be opposed to and fighting Agora Inc and In/Q/Tel and CIA stock fraud money laundering as well ? Sure…..By the way, Wall Street criminals are now just internet criminals because Wall Street doesn’t really exist since internet stock manipulation and fraud has replaced it regardless of the fact that Americans’ real enemies such as Sheikh Mohamed al Rashid bin Maktoum of Dubai with his 20 percent plus ownership of NASDAQ and the anonymous billionaire criminals who bought the NYSD and located in Germany for their own reasons are the ones who really control it.
When are you going to ask your lard ass butt buddy in Arizona, Bud Burrell, of CFRN or Christian Financial Radio Network with his Sheriff Joe Arpaio and Geico billionaire son Patrick Byrne of Overstock.con and ex FBI Houston office crime boss Don Clark of the botched 1993 WTC ‘investigation’ and Rothschild money laundering attorney Andrew Greystoke connections and myriad stock fraud and financial frauds against us to apologize and rescind his death threats against me and return money he stole in stock frauds to us? Same goes for your scum sucking CIA money laundering and 911 cover up buddy George Tenet with his AIPAC CONNECTIONS…
Maybe you should explain your ‘work’ in the ‘banking business’ while you are at it.
Sincerely,
Tony Ryals