
Philip Giraldi: What FBI whistle-blower Sibel Edmonds found in translation
SIBEL EDMONDS' DEPOSITION: VIDEO AND TRANSCRIPT RELEASED
Commentary on politics, economics, and samplings from the alternative media because... the television is lying...



Credit is not flowing. In fact, credit is contracting. That means things aren’t getting better; they’re getting worse. When credit contracts in a consumer-driven economy, bad things happen. Business investment drops, unemployment soars, earnings plunge, and GDP shrinks. The Fed has spent more than a trillion dollars trying to get consumers to start borrowing again, but without success. The country’s credit engines are grinding to a halt.
Bernanke has increased excess reserves in the banking system by $800 billion, but lending is still slow. The banks are hoarding capital in order to deal with the losses from toxic assets, non performing loans, and a $3.5 trillion commercial real estate bubble that’s following housing into the toilet. That’s why the rate of bank failures is accelerating. 2010 will be even worse; the list is growing. It’s a bloodbath.
The standards for conventional loans have gotten tougher while the pool of qualified credit-worthy borrowers has shrunk. That means less credit flowing into the system. The shadow banking system has been hobbled by the freeze in securitization and only provides a trifling portion of the credit needed to grow the economy. Bernanke’s initiatives haven’t made a bit of difference. Credit continues to shrivel.
I have to wonder.
First, we have Corus, which reported a negative Tier 1 Ratio. That is, they are formally "in the hole" in terms of assets .vs. liabilities. This is never supposed to happen - but it did, "Prompt Corrective Action" be damned.
Next, we have Guaranty Bank, which also has a negative core capital ratio. They have been trying to sell themselves (gee, I wonder why?) for a while without success. Here's the relevant quote from their 8-K:
Based on these adjustments, the Bank’s core capital ratio stood at negative 5.78% as of March 31, 2009. The Bank’s total risk based capital ratio as of March 31, 2009 stood at negative 5.52%. Both of these ratios result in the Bank being considered critically under-capitalized under regulatory prompt corrective action standards.
Yet Prompt Corrective Action (PCA) - a law, by the way, not a suggestion - has once again not been followed.
Finally, we have Colonial. I made a nice chunk of coin shorting and PUTting that turkey last year, when their CEO (and a lot of other people) said they were "very conservative." Uh huh. My read of their balance sheet said they were (like many other regional banks) massively over-exposed to condo construction loans in..... you guessed it.... Florida (which incidentally is what killed Corus.) Oops. But here's the money quote on Colonial:
If the FDIC were to seize Colonial, it would be the sixth-largest seizure, by assets, in American history. Such a large failure could strain the bank safety net. Colonial has $20 billion in deposits, while the FDIC insurance fund has dropped below $15 billion. The FDIC wouldn't have to cover every dime, but when Florida's BankUnited, with $12.8 billion in assets, failed earlier this year, it cost regulators nearly $5 billion.
Add all three of these up and tell me what you think is going on?
These three are not small banks. They are significant regional institutions, unlike the tiny little banks that we hear about every Friday after the close of business.
Obama's Black/Red Jacketed Youth Corps, nationalization of industry, the open transfer of taxpayer monies to private companies, gun control legislation, repeal of posse comitatus, repeal of habeas corpus, InfraGuard, false flag terrorism (9-11, anthrax, etc.), militarization of police, foreign wars, torture, rendition, propaganda, compulsory government education, etc.
Where have we seen this before...
Funded by the same folks behind the Nazis and the Bolshevik Revolution running a very similar playbook on us today
Obama is a simply the front man for the Central Banksters, their agents and allies on Wall Street, and the intelligence agencies that act as the enforcers/enablers for the Central Banksters. Until Americans turn off the Puppet Show that the Central Banksters put on television every night and look behind the curtain they won't ever understand who is really robbing them in the name (only) of the poor, the needy, the disadvantaged, and the children. Congressman Lloyd Doggett of Texas is shouted down at a town meeting and chased into the parking lot by constituients angry at the socialization of healthcare (which is more about government control of private insurance monies and the population than about legitimately caring for the people).
Senator Claire McCaskill's office holds a town hall meeting in St. Louis, MO an a Tea Party Breaks Out!
Part 1: http://www.youtube.com/watch?v=fvGddgHRQyg
As the application of the super-thermite must have occurred during the months prior to 9-11, I have used FOIA and other means to try to find who could have been doing such work in the towers during 2000-2001. There was one significant clue at the very beginning. Two days after 9-11, Engineering News-Record (ENR) reported that an asbestos abatement and demolition company called LVI had done extensive asbestos abatement work in the
AMEC Inc., Turner Corp. and Bovis Lend Lease were set to assume "lead roles" in the cleanup effort, says Lee Benish, AMEC vice president. "From the very beginning, we've been deeply involved with the city department of emergency services," he says. "They're sorting through who will be doing what." LVI Services Inc., New York City, which has done extensive asbestos abatement work on the towers in the past, is involved in similar work now as well as other cleanup efforts.
LVI was immediately a suspect because it does a great deal of pre-demolition work in which it prepares buildings for demolition. LVI has done several large demolition jobs with Controlled Demolition, Inc. of
I called LVI and spoke with Burton T. Fried, the founder and CEO of the company, and asked him if his company had done extensive asbestos abatement work in the twin towers as reported in ENR. He immediately denied that his company had done the work saying that another company called AASI had, but he added that they had gone out of business. (NB -- One of the branch offices of LVI is named ASI.)
Get the whole scoop on Journaliste Sans Frontieres Christopher Bollyn's site: http://www.bollyn.com/index.php#article_11240


The North Tower Impact Zone
On 9/11, American Airlines Flight 11 hit the north face of the north tower (WTC 1) between floors 94 and 99. In a stunning coincidence, these floors bracket those that had been upgraded for fireproofing shortly before 9/11.[12] This coincidence was amplified by the fact that one tenant occupied all of those floors – Marsh & McLennan (Marsh), which at the time was the world’s largest insurance brokerage company. One other tenant, Sumitomo Bank, shared part of floor 96 with Marsh.
During the years from 1993 to 2001, Marsh made several modifications to these floors, in addition to the fireproofing upgrades mentioned above. According to the National Institute of Standards and Technology (NIST), Marsh made modifications to the south side of floor 94 in 1998. That same year, the PANYNJ helped Marsh demolish floors 95-98 in order to rebuild the fire alarm and sprinkler systems. Marsh did further modification work on floor 95 in the year 2000.[13] The full floor fireproofing upgrades on floors 93 through 100 were accomplished in August through November of 1998, except for floor 94, which was done in December 1996.
Marsh was a large company, with a number of subsidiaries, including Putnam Investments, Mercer, Johnson & Higgins, and Guy Carpenter, a company that occupied floors 47 to 54 of the south tower. Marsh was also known to be notoriously secretive, and had been likened to the CIA.[14] Its chief executive on 9/11 was Jeffrey Greenberg, a member of the Brookings Institution, the Trilateral Commission, and the son of the chairman of American International Group (AIG), Maurice Greenberg. AIG has been reported to be at the center of a number of CIA operations.[15]
Jeffrey Greenberg rose quickly through management at Marsh, having come there directly from AIG in 1995, and then becoming CEO just four years later. At Brookings, Greenberg hobnobbed with Lee Hamilton, co-chair of the 9/11 Commission, and the Iraqi Nemir Amin Kirdar, CEO of Investcorp, a BCCI-related company founded by the Saudi Abdullah Taha Bakhsh.[16]
"Not only am I concerned about sulfuyrl fluoride's global warming potential but I am also very concerned that the EPA is considering expanding the use of this highly toxic fumigant before it has addressed the charges raised by the Fluoride Action Network that the health risk assessments that they performed for Dow were outrageously manipulated to yield a safe reference dose for infants (1.14 mg/kg/day) which is TEN times higher than the reference dose for adults (0.114 mg/kg/day). Such a manipulation defies common sense and basic toxicological principles but also the mandates of the Food Quality and Protection Act (FQPA), which requires that an extra safety factor be applied to protect infants and young children from pesticides because of their known extra sensitivity to toxic substances during early development.I thought with he election of President Obama we were going to get more scientific integrity at the EPA, instead we are getting more poison for our kids! They are already being over-exposed to fluoride - they don't need any more. Don't let this travesty happen."
The government loves you… They wouldn't dumb you down with poisons in your food/water/toothpaste
They aren’t openly handing TRILLIONS of dollars to private companies (Banks & CIA front companies like AIG) as they collapse the economy and bring in a police state surveillance/control grid…
It is the American Way to have black and red clad youth brigades on the street (City Year, Secure Corp), Practice kidnapping (rendition), Openly torture, openly wiretap the American people without warrants at the AT&T Internet hubs, wage wars based on lies and manufactured intelligence, fund mercenary armies, bring foreign troops into the US, repeal Posse Comitatus, repeal Habeas Corpus, move at every level to restrict gun sales, and now the government is even about to make the overwhelming majority of pocket knives illegal…
The Central Banksters through their control of the money supply have, for decades, been enriching themselves to the tune of trillions of dollars while simultaneously destroying private wealth through confiscatory taxation, estate taxes, inflation, and monopolistic competition. They have been able to get away with this for decades because of what was essentially a complete control of the media. In the past decade their has been a revolution in information technology: The internet, cheap documentary production, web publishing, cheap DVD replication, blogs, Google Video, YouTube, pod casts, etc. that now threaten the ruling elites control of information.
Knowledge of who they are, what they have been doing, and what their ultimate plans are has been spreading around the world at the speed of light and more and more people have been waking up, turning off the lies of the MainStreamMedia, and taking action to expose them and organize resistance.The futurists and social scientists employed by the ruling elite knew this information revolution was coming and inevitable so they have been preparing for the day when their hold on power would be threatened by the great unwashed masses.
Because the United States is/was such a wealthy country with a history of constitutional government and armed population it represented the greatest threat of rebellion that could lead to a loss of control of the US military which would then pose a legitimate threat.If you know "the posse" is saddling up to come after you do you want them well capitalized and secure in their homes and jobs OR do you want them dead broke struggling for survival in a militarized police state / surveillance society where you can slowly identify and kill off the intelligencia who understands who you are?
Because the United States represents the greatest potential threat the ruling elite engineered 9-11 to bring in police state control measures, corrupt and chew up the American military in Iraq, develop private mercenary forces outside of the civilian governmental control, and accelerate the bankruptcy of the country as a whole. In addition to bankrupting the US through expensive wars in inhospitable locations like Iraq the ruling elite have engineered a debasement of the currency through inflation, a deindustrialization of the country, and a series of financial bubbles that has wiped out productive capital. They have created the greatest debt-based financial bubble the world has ever seen through the creation of asset backed securities and a quadrillion dollars in derivatives which Warren Buffet has aptly described as "Financial Weapons of Mass Destruction". They are about to drop this Financial Weapon of Mass Destruction on you so they can then cull the herd through poverty, disease, engineered bio-weapons, assassination, etc. They will pose as your saviors while they round you up into FEMA concentration camps they have already had built and inject you with vaccines that will slow kill/fast kill the survivors of the initial collapse. Their ultimate goal is to reduce the chattel slaves/serfs/human cattle by 90%.