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DeSwiss's Journal
DeSwiss's Journal
December 20, 2011

Keiser Report: Victims of Banking Terrorists (E225)

Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host Stacy Herbert discuss the Maxinator, downgrade rampages and food fights between Sarkozy and Cameron. In the second half of the show, Max and Stacy look at the victims of banking fraud, from the Alabama poor cut off from water supplies to the small ranchers who lost it all when MF Global was run into the ground by former Goldman Sachs banker and ex-New Jersey governor, Jon Corzine.

KR on FB: http://www.facebook.com/KeiserReport

- Everyone should watch this episode......
December 19, 2011

Experts Say China's Economy Looks Grim for 2012

Uploaded by NTDTV on Dec 19, 2011

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Experts for the Chinese regime predict a slowdown for the country's economic growth next year, dropping to the lowest levels since 2001. As economic concerns grow, so too does social unrest.

The global economic recession is taking its toll on China's economy.

New research released on Thursday by senior researchers for the Chinese regime shows a slowdown in its exports, although it could still achieve seven to eight percent of economic growth in 2012.

{Yu Bin, Development Research Center of the State Council}: "Unless the global economy doesn't see a deep recession, we predict next year China's exports will grow around 10 percent. I don't think there is much chance of a reduction in exports next year overall, but it is possible that over a particular month, or several months, there may be negative growth."

Experts say China's economic growth will drop in 2012.

{Yu Bin, Development Research Center of the State Council}: "We think there is a high possibility that China's potential growth could drop by 20 or 30 percent next year."

Growth in Chinese exports and imports slowed in November.

Strikes and protests have rocked the nation in recent months as factories close down or relocate.

China's economic growth has slowed for three straight quarters and many forecasts see it dipping in 2012 to below 9 percent for the first time since 2001.

The Chinese regime has instituted several policies in recent weeks aimed at boosting growth.

But the biggest question the Chinese regime faces is how the Chinese people will react, and whether strikes and protests will increase.

December 19, 2011

Fake Withdrawal? 'US won't leave Iraq oil to Iran'

Uploaded by RussiaToday on Dec 18, 2011

Despite the US's declared withdrawal of its military personnel and contractors out of Iraq, Washington has prepared to control the country's rich oil reserves in any case, shared Ranjit Singh Kalha, former India's ambassador to Iraq in the 1990s. ­Having spent $3 trillion in Iraq, a country with harsh weather conditions (+50 C most of the time) and absolutely nothing valuable but oil reserves, the Americans simply cannot give up the plentiful and very high quality oil they went there for.

"It takes $1.50 to take out this oil that's just below the surface. Anybody who has access to this oil can be a game changer -- as far as the politics of oil is concerned," Ranjit Singh Kalha concluded. The problem Americans encountered in Iraq is that once given "some symbols" of democracy, the Iraqi voted for a Shia-led government. The headache is that the Shia traditionally have close links with Iran, the core territory of this affiliation. "That is the present dilemma. If you withdraw from Iraq completely, you leave this vast oil wealth of Iraq in the hands of Shia (Iran-oriented) government. And therefore it upsets the political balance in the Middle East," Ranjit Singh Kalha explained.

He said that to counter such adverse developments the US will have almost 20,000-strong embassy in Baghdad (the largest US embassy in the world) and consulates in Basra, Kerkuk and in northern Kurd-inhabited territory, each consulate 1,000-strong. "Americans cannot afford to be completely absent from Iraq," the former ambassador argued, adding he does not see any lessening of American influence in Iraq. Iraq is a multi-confessional country and to curb religious extremism all previous country's rulers had to be very tough with the population, the diplomat stressed. In Saddam's Iraq most of the military and law enforcement was Sunni and the rule of law was first of all a rule of military power preventing sectarian violence.

Today's Iraq is ruled by Shia government which does not have the necessary experience of ruling with an iron fist, so the country risks a full fledged civil war to start at any time given. American troops will not go far from Iraq -- they will be re-deployed to next door Kuwait.

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''The intuituve mind is a sacred gift. And the rational mind is a faithful servant. We have created a society that honors the servant. But has forgotten the gift.'' ~Albert Einstein
December 19, 2011

Peru's Cocaine Industry Skyrockets

Uploaded by AlJazeeraEnglish on Dec 18, 2011

Peru, one of the world's leading producers and exporters of cocaine, has seen the illicit trade boom in recent years.

The industry's growth has prompted the country's government to plan an anti-drug campaign.

Some experts blame the authorities for not taking enough action to stop the drug trade, while poor coca farmers say the government's failure to help them economically has forced them to continue in the business.

Al Jazeera's Lucia Newman reports from Peru's southern Vrae Valley, the world's densest coca producing region, in the first of a two part special.

- Now, who would have seen this coming???
December 19, 2011

PJ is a man way too far ahead of his time.

For most people anyway. His ideas and proposals require something most people (Americans in particular) fail to demonstrate: The ability to think critically.

- But it's good to have a plan to put into place for after THE DESTRUCTION. Because I fear that's what it will take.....


''Rome’s ruling class was unable to restrain its rapacity, even in its own ultimate interest. Adams saw what liberals are rarely willing to admit—namely, that a system based on corrupt practice cannot be saved merely by tinkering with it.''

'The Economics of Human Energy' in Brooks Adams, Ezra Pound, and Robert Theobald - by John Whiting, London University - http://www.whitings-writings.com/diatribes/ehe03.htm

December 19, 2011

I don't know why all the hubbub.....

...since we've been living in a POLICE STATE for quite some time now. Since the beginning, really. That's because property ownership and Capitalism was always at the center of what was of most importance in this business of ours. And as long as it remained that way, we were never truly free.

I suppose such a blatant act such as this one, where there is no longer any pretense being made as to who holds the power in this country, may have FINALLY aroused the few brain cells that remained in denial (not everyone, of course - some still cling to HOPE!). But the disconnect between what the laws said and what was happening in reality should have been apparent. To anyone who was awake.

However, I now fear that for us to right this wrong, it will cost much in bloodshed. But of course bloodshed is what this is all about. And it will be shed one way on another.

- It's just a matter of how much and whose......


"Americans like to talk about Democracy but, when put to the test, usually find it to be an 'inconvenience.' We have opted instead for an authoritarian system *disguised* as a Democracy. We pay through the nose for an enormous joke-of-a-government, let it push us around, and then wonder how all those assholes got in there."

"The illusion of freedom will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater."

~Frank Zappa~

December 15, 2011

Another White-Collar Robbery Term To Learn Before It All Comes Crashing Down: ''RE-HYPOTHECATION''

Remember life before you ever knew what a derivative, a subprime mortgage, a credit default obligation or what high frequency trading was? Well here's a new financial (white-collar robbery) term for us to learn: RE-HYPOTHECATION.

[font size=4]MF Global And The Great Wall Street Re-hypothecation Scandal[/font]

Thomson Reuters - News & Insight
By Christopher Elias (UK)

(Business Law Currents) A legal loophole in international brokerage regulations means that few, if any, clients of MF Global are likely to get their money back. Although details of the drama are still unfolding, it appears that MF Global and some of its Wall Street counterparts have been actively and aggressively circumventing U.S. securities rules at the expense (quite literally) of their clients.

MF Global's bankruptcy revelations concerning missing client money suggest that funds were not inadvertently misplaced or gobbled up in MF’s dying hours, but were instead appropriated as part of a mass Wall St manipulation of brokerage rules that allowed for the wholesale acquisition and sale of client funds through re-hypothecation. A loophole appears to have allowed MF Global, and many others, to use its own clients’ funds to finance an enormous $6.2 billion Eurozone repo bet.

If anyone thought that you couldn’t have your cake and eat it too in the world of finance, MF Global shows how you can have your cake, eat it, eat someone else’s cake and then let your clients pick up the bill. Hard cheese for many as their dough goes missing.



By way of background, hypothecation is when a borrower pledges collateral to secure a debt. The borrower retains ownership of the collateral but is “hypothetically” controlled by the creditor, who has a right to seize possession if the borrower defaults.


[font color=blue] - Instead of my usual pithy remark, I'll substitute the following:[/font]

[font color=blue]DeSwiss[/font]

See also------->
December 15, 2011

LifeWay's Pink Bibles Scrapped

[font size=4]LifeWay's Pink Bibles Scrapped[/font]

The Tennessean | Bob Smietana | 2:01 AM, Dec. 15, 2011

To promote breast cancer awareness, supporters buy pink shirts, pink shoes, pink mouse pads and a host of other pink products. Until Wednesday, there was even a pink version of the Holman Christian Standard Bible on store shelves. That’s no longer the case.

Southern Baptist-owned LifeWay Christian Resources is recalling its pink Bible because it benefited a charity with ties to Planned Parenthood. The “Here’s Hope Breast Cancer Bible” was sold at Walmart stores and other major retailers, with a dollar per copy going to the Dallas-based Susan G. Komen for the Cure Foundation.

LifeWay decided to recall the Bible after receiving complaints that some of the breast cancer charity’s local affiliates donated funds to Planned Parenthood. Thomas Rainer, president of LifeWay, called the project a mistake.


[font color=blue] - Right. Because we can't have those breast cancer survivors getting abortions. It's better to just let them die. Jesus would have wanted it that way.

Well, I'm sure this will help change the Southern Baptist's lousy reputation. For the life of me, I don't know why these people are losing customers.......[/font]

[font color=blue]DeSwiss[/font]


[font color=darkred]"Not to enlighten one who can be enlightened is to waste a man.
To endeavor to enlighten one who cannot be enlightened is to waste words.
A wise man wastes neither men nor words.


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