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Steve Kroschel's Award Winnind 2nd Documentary on The Gerson Institute. See doctors try to discredit Dr. Max Gerson's theories with no evidence and see Japanese doctors who are currently doing a study on more than 500 patients in Tokyo...including themselves. The doctor that started it, went on the Gerson THerapy and cured himself of metastacized colon cancer. Knowledge is Power!
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MarketWatch.com - Pre-Market Indications
Friday, March 21, 2008
YouTube - Dying to Have Known - Preview
U.S. Treasury issues new warnings on Iranian banks - Persian Journal economy business Latest Archaeology oil gas news & Iranian business newspaper gas
U.S. Treasury issues new warnings on Iranian banks
Mar 20, 2008
The U.S. Treasury Department's Financial Crimes Enforcement Network, or FinCEN, said it sent an advisory warning banks of what it called weaknesses in Iran's first anti-money laundering law, which was passed in February. FinCEN said the deficiencies in Iran's anti-money laundering regime were "exacerbated" by Tehran's continuing attempts to conduct prohibited weapons proliferation activity and terrorist financing.
"Through state-owned banks, the government of Iran disguises its involvement in proliferation and terrorism activities through an array of deceptive practices specifically designed to evade detection," FinCEN said.
It said Iran's central bank and several commercial banks have requested that their names be removed from global transactions in order to disguise their identity. The Treasury has prohibited U.S. transactions with a number of Iranian state banks, including its largest, Bank Melli, and Bank Sepah and Bank Saderat.
The Bush administration has been waging a campaign to cut off Iran from the international banking system to put financial pressure on Tehran, which Washington accuses of trying to develop nuclear weapons and provide financial support for terrorists.and
U.S. punishes Bahrain bank for its Iran ties
Mar 12, 2008
The United States Treasury Department announced sanctions Wednesday against a Bahrain bank accused of helping Iran's alleged nuclear proliferation activities.
The Treasury Department said Future Bank B.S.C. is controlled by Iran's Bank Melli, which has already been sanctioned "for facilitating Iran's proliferation activities."
"Bank Melli goes to extraordinary lengths to assist Iran's pursuit of a nuclear capability and ballistic missiles, while also helping other designated entities to dodge sanctions," said Stuart Levey, under secretary for terrorism and financial intelligence.
"Banks and other entities owned or controlled by Bank Melli pose a serious threat to the integrity of the international financial system," Levey said.
Future Bank was started in 2004 in a joint venture between Bank Melli; Bank Saderat, also an Iranian bank; and a private bank based in Bahrain.
Under the designation, any bank accounts and financial assets in the United States must be frozen, and American citizens will not be permitted to do business with the bank.
Bahrain "has taken responsible steps to try to prevent Future Bank from abusing the country's financial system," Levey said.
"Bahraini authorities have been closely monitoring Future Bank and took some steps after Treasury's designations of Banks Melli and Saderat to attempt to prevent abuse by this institution."
dirty tricks of rogue traders
By Robert Winnett
A hedge fund based in London set up a "dirty-tricks unit" to manipulate share prices and get illicit information on companies in an attempt to make millions on the stock market, an insider has revealed.
As the official hunt began for the rogue traders who tried to bring down Britain's biggest mortgage lender, HBOS, The Daily Telegraph can reveal a whistle-blower's account of how a multi-billion pound fund allegedly used illegal tactics to drive down stock prices.
Private detectives were allegedly employed to hack into executives' emails and telephone records.
Front companies were set up to allow the hedge fund traders to pose as independent researchers or journalists.
Negative information on companies was then distributed to leading investment banks in the hope that rumours would spread and some share prices would fall.
The hedge fund, which cannot be named for legal reasons, stood to make millions from "short-selling" the shares as they fell in value.
The allegations — made in a sworn statement seen by The Daily Telegraph and which has been sent to financial regulators — will add to growing concern over the activities of rogue traders in the City.
The Financial Services Authority, the City regulator, has begun a criminal investigation to find the trader who allegedly made £100 million from the 17 per cent slump in HBOS shares on Wednesday.
The shares fell after "malicious" rumours were spread in the City about the bank, sparking fears that the price had been illegally manipulated — a move described as "the modern day version of bank robbery".
FSA investigators are seeking emails sent to traders that are thought to have prompted widespread selling of HBOS shares. They claimed the bank was experiencing difficulties.
It has emerged that the rumours are thought to have originated in the Far East, with Singapore named as the most likely source. Nick Leeson, the notorious rogue trader responsible for the collapse of Barings Bank, also operated in Singapore.
In a separate development, Credit Suisse, the investment bank, admitted that it had uncovered a separate £1.4 billion share-dealing scam by rogue traders — many of whom were based in London — who were trying to protect their bonuses.
The Credit Suisse traders are understood to have sought to cover up their trading losses at the end of last year.
The revelations follow a week of turmoil in the global markets after the near collapse of the American investment bank Bear Stearns.
Following a meeting with the major banks, it emerged that the Bank of England was considering helping to alleviate the financial crisis by easing the restrictions on banks seeking to borrow money from it.
The accusations about the hedge fund form the most detailed account yet of the illicit activity carried out by the London office of a major international hedge fund. Such tactics are also thought to be used by other hedge funds.
The sworn statement containing the allegations is understood to have been sent to the FSA last year although it is not known what action the regulator took.
The document alleges that:
- Employees of the hedge fund ordered an American-based private detective to hack into the corporate email systems of two firms in which the hedge fund had an interest.
- A bogus firm — with a phoney internet address — was established to allow employees to pose as independent researchers and approach company executives to garner information on their firms' future financial prospects. The firm was also used to gain access to industry conferences.
- A false website — with a bogus address — was also registered to allow hedge fund traders to pose as journalists. The offices of American politicians were approached by people claiming to be journalists to obtain information about potential new laws banning internet gambling that would hit British firms.
- Jurors and their families in a sensitive legal case into whether a firm had exclusive patent rights in which the hedge fund had invested were "tapped up". Money was allegedly paid to jurors' families for information about jury-room deliberations.
- Hedge fund staff gathered "sensitive" negative information on firms in which they had an interest in the share price falling. This information was distributed to leading investment banks whose experts were encouraged to take a dim view of the prospects of the company's shares. A German "media consultant" was also used to disseminate information.
- A safe containing large amounts of cash was installed in the hedge fund's office. Money was paid to "sources" providing valuable inside information. On one occasion, an anonymous informant was paid $50,000.
The hedge fund at the centre of the allegations has offices in London's West End and traders spent their staff Christmas party on a luxury cruise.
It was set up by former senior executives from a blue-chip investment firm. However, from 2005, the "dirty-tricks unit" was staffed by former corporate investigators and investigative journalists hired from newspapers.
Pressure is growing on the FSA to clamp down on the worst excesses of the hedge fund industry after a series of scandals culminating in the attempt this week to start a run on HBOS.
The hedge fund "dirty tricks unit" exposed today was set up in London but operated around the world. It is alleged that this was to avoid tougher regulatory controls in New York.
On Thursday, Britain's biggest banks met with the Bank of England to urge them to loan more money to help alleviate the impact of the global credit crunch.
The Bank, which agreed to some of the demands, released another £5 billion for the money markets. The stock market, which dropped slightly, is now closed until Tuesday.
HBOS shares recovered on Thursday, closing up more than six per cent.
YouTube - The Outsiders- Stay Gold-Stay Long
If you are long gold remember this is an engineered sell off by central bankers and blue chip brokerages as seen on the commitment of traders report. the c.o.t. has the largest gold short position of all time(via bob chapman's radio show).
Good Friday Trading-Free Since 1907 Panic
By Coincidence or Not, Good Friday Trading-Free Since '07 Panic
By Chris Dolmetsch
March 21 (Bloomberg) -- The New York Stock Exchange is closed today, as it has been every Good Friday for nearly a century and a half except for in 1898, 1906 and 1907.
That last one was in the same year as the infamous Panic of 1907, when the value of U.S. stocks plunged by more than a third. Hence, a legend that persists 101 years later: Traders get to stay home the Friday before Easter not just because it's a Christian holy day but because of its association with one of history's great bear markets.
Brooks P. Nelson, a second-generation professional investor, remembers his father telling him the story every year: ``He used to say, `It's closed on Good Friday because of the panic of aught-seven,''' Nelson, 53, said in a telephone interview. Rumor had it that in 1907, ``the good Irish-Catholic traders said, `We told you not to open on Good Friday.'''
Supposedly, the tale went, the market behaved so badly that the exchange vowed never to allow trading on Good Friday again. Circumstantial evidence aside, market historians and the NYSE itself say the story is without foundation.
``I have no evidence in the archives that I've seen or the notes of the details that would prove that theory,'' said Robert F. Bruner, co-author of ``The Panic of 1907,'' published last year, and dean of the University of Virginia's Darden Graduate School of Business Administration. ``The panic itself occurred in October 1907, although in March of 1907, there was a significant break in the market.''
A Good Good Friday
Jeffrey A. Hirsch, editor of ``Stock Trader's Almanac,'' said that downturn started March 13, when the Dow Jones Industrial Average tumbled 3.9 percent, and continued the next day, when it lost 8.3 percent. Good Friday in 1907 fell on March 29, when he said the Dow climbed 2.5 percent.
The bear market began after the market peaked in September 1906. By November 1907, the value of all listed U.S. shares had plunged 37 percent, and at least 25 banks and 17 trust companies collapsed.
Among them were New York's Knickerbocker Trust, where rumors of financial problems triggered a run on banks in the city and contributed to the crash, according to the NYSE's Web site. The crisis ultimately prompted the creation of the Federal Reserve system.
``Closing on Good Friday doesn't appear to coincide with any market panic or crash,'' said Ray Pellecchia, a spokesman for the Big Board. The exchange's records go back to 1864 and show trading only on those three Good Fridays in the late 19th and early 20th centuries, he said.
Only Non-Federal Holiday
The Friday before Easter is the only one of nine stock- market holidays that isn't also a federal holiday. Other U.S. stock, options and derivatives exchanges, including the Chicago Mercantile Exchange, are also shut today. The Securities Industry and Financial Markets Association recommends that bond markets close in Japan, the U.K. and the U.S.
The exchange has a rich Irish-Catholic heritage and was once steeped in religious observances, said Peter Kenny, a managing director of institutional sales at Knight Equity Markets in Jersey City, N.J., who worked at the NYSE for 28 years. That made trading on Good Friday out of the question, he said.
``It was never open to debate, never, ever,'' said Kenny, whose grandfather, legendary U.S. government bond trader Christopher Devine, built **Our Lady of Victory chapel near Wall Street for convenient confessions. ``People were expected to go to Our Lady of Victory on Wednesday and Thursday, all of Holy Week.''
Bruner, the author, said there's a simple explanation for why markets shut down on Good Friday: ``The financial institutions close on holidays, frankly, out of the belief that there is insufficient demand, insufficient trading activity and insufficient business,'' he said. ``I doubt the theory that closing on Good Friday was related to the panic of 1907.''
Nelson, president of Nelson Roberts Investment Advisors in Palo Alto, California, said he has no idea whether there's truth to what he was told by his father, Philip, who worked in Manhattan's financial industry for almost 20 years before moving to the West Coast.
``It's one of those things,'' Nelson said. ``Wall Street lore.''
**Our Lady Of Victory - was a common, sometimes daily pit stop for yours truly. -st0ckman
Francis Cardinal Spellman founded Our Victory Church at Pine and William Streets in the financial district of Manhattan, in 1944. It is known as the War Memorial Church, and at the front door, there is a quotation from Cardinal Spellman:
“This Holy Shine is dedicated to Our Lady of Victory in Thanksgiving for Victory won by our Valiant dead,
our soldier’s blood, our Country’s tears, shed to defend men’s rights and win back men’s hearts to God”
|Mar 21 3:30am†||Change||%Change||Level|
|U.S. Dollar vs Euro||+0.0002||+0.01%||1.5429|
|U.S. Dollar vs Yen||+0.1000||+0.10%||0.0101|
|U.S. Dollar vs UK £||-0.00||-0.10%||1.98|
Food coloring from insects
I have one more interesting tidbit I'd like to share with you. You may be familiar with a red color ingredient called carmine; it can be found in strawberry yogurt and a variety of other products. Carmine is sourced from a mash made by grinding up beetles grown in Peru and the Canary Islands. The mash is strained out to obtain a red liquid. That liquid, made from insects, is then shipped to the United States to food companies, where it is dumped into the yogurt to make it look like there are strawberries in there. Folks, it's not strawberry. It's insect juice. That's what's in your yogurt (and a lot of candy and children's foods as well).
Some people have a dangerous allergic reaction to this ingredient. They can go into anaphylactic shock, which puts them in a coma (or worse!). As this demonstrates, some of these color additives can be extremely dangerous, but you'll notice companies don't put this information on their labels. "Insect juice" is never listed on your yogurt. They merely list "carmine," and they leave it up to you to figure out what that means. Ninety-nine percent of people in this world have no idea what carmine really is, but now you do.