MSM: Banks Financing Mexico Gangs Admitted in Wells Fargo Deal

See Also: (June 30) – Video: Alex Jones Tv – Banks Financing Mexico Gangs Admitted in Wells Fargo Deal Video Link Here

(Bloomberg) – Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else. Continue reading

A ‘Kill Switch’ for the State

(LewRockwell) – Two or more decades ago I wrote an article in which I suggested that, while the collapse of our civilization would ultimately prove beneficial to the productive purposes of society, the transition would, in the short-term, not be pretty to watch. The threat to the established order would be devastating, a challenge that would elicit the most violent and desperate efforts to defend the status quo. Wars, increased police powers, the enhanced regulation of and restrictions on alternative social systems, would become the norm. A society so constituted could well be symbolized as a faceless SWAT team member shoving his automatic rifle into the face of a cowering peaceful demonstrator. Continue reading

Russia Proves ‘Peak Oil’ Is A Misleading Scam

FLASHBACK – (Rense) – In 1970, the Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last Year Russia overtook Saudi Arabia as the world’s biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century. Continue reading

Oil Spill

(OilPrice) – The Cover-up: BP’s Crude Politics and the Looming Environmental Mega-Disaster – Wayne Madsen

WMR has been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama’s 2008 presidential campaign — more than John McCain or Hillary Clinton–, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP’s liability for damage caused by what can be called a “mega-disaster.” Read More Here

(Independent) – Million gallons of oil a day gush into Gulf of Mexico

Interviews with surviving Deepwater Horizon rig workers show how explosions led to what may be the world’s worst oil spill Read More Here

(MiamiHerald) – Officials prepare for oil spill reaching Florida’s west coast – Read More Here

(MiamiHerald) – As oil wells went deeper, safety measures didn’t get tougher

As companies ventured into deeper and deeper water to drill for crude, they employed the same safeguards that had failed under far less stressful conditions at lesser depths. Read More Here

(BrassCheckTV) – Video: Oil company business as usual: Shell Oil – corporate criminals – Video Link Here

(Uruknet) – British Petroleum’s oil spill is latest crime in a criminal history

BP reaps huge profits from its global plunder Read More Here

(RevPolitics) – Video: Big oil controlling Obama

The oil spill in the Gulf of Mexico is uncovering some dirty details, plans are underway to try and cap the spill. There are new allegations surfacing that say President Barack Obama and oil company British Petroleum are masking the severity of the oil spill. Wayne Madsen says that President Barack Obama is just helping out the same people that contributed to his campaign in 2008. View Video Here

(EarthObservatory) – Gulf of Mexico Oil Spill Observed From the International Space Station – View Pic Here

(Inquirer) – New scale of disaster looms in Gulf of Mexico

Concern grew Sunday that the US Gulf coast is facing a whole new level of environmental disaster after the best short-term fix for a massive oil spill ran into serious trouble. Read More Here

Review of Financial Markets: The Call from Obama is for more Leverage and more Debt

(BobChapman) – Congressional appropriators agreed Tuesday night to give civilian federal employees a 2 percent pay increase — which includes a locality pay increase President Obama didn’t want. Continue reading

US Treasury Controlled by Wall Street – Geithner’s Kitchen Cabinet

(BobChapman) – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. Continue reading

U.S. Suffering Permanent Destruction of Jobs

America is suffering a permanent destruction of jobs.
JPMorgan Chase’s Chief Economist Bruce Kasman told Bloomberg:

[We’ve had a] permanent destruction of hundreds of thousands of jobs in industries from housing to finance.

Continue reading

The Big Banks Have Gotten Bigger

(WashingtonsBlog) – In a post called “Break Up the Big Banks”, Rolfe Winkler provides a nice graphic showing that the too big to fails have gotten bigger: Continue reading

Hang the Zombieconomy by its Own Rope

Lenin once said that capitalism would ultimately undo itself, because the entrepreneurs would gladly sell the rope with which they would later be hanged; they’d be too busy counting the profits to see the noose tightening around their necks.  Well, somebody is choking right now, but it’s not the “capitalists”. Continue reading

MSM: International Paper Treads Monsanto’s Path to ‘Frankenforests’

(Bloomberg) – International Paper Co., the world’s largest pulp and paper maker, plans to remake commercial forests in the same way Monsanto Co. revolutionized farms with genetically modified crops. Continue reading

MSM: Rural Well Water Linked to Parkinson’s Disease

(ScientificAmerican) – Rural residents who drink water from private wells are much more likely to have Parkinson’s disease, a finding that bolsters theories that farm pesticides may be partially to blame, according to a new California study. Continue reading

MSM: Banks Paid $32.6 Billion in Bonuses Amid U.S. Bailout

(Bloomberg) – Citigroup Inc., Merrill Lynch & Co. and seven other U.S. banks paid $32.6 billion in bonuses in 2008 while receiving $175 billion in taxpayer funds, according to a report by New York Attorney General Andrew Cuomo. Continue reading

Economy On The Ropes – Mike Whitney

The economy continued to shrink in the first quarter of 2009 at an annual pace of 6.1 percent, making it the worst recession in more than 50 years. Gross Domestic Product slipped into negative territory from January to March for back-to-back quarters of negative 6 percent growth. Continue reading

Bailouts and Manipulations: Save Wall Street, at the Expense of Main Street

Wall Street is in the midst of a huge rally, primarily sparked by two recent occurrences.

The first was the “surprising” announcement that Citigroup, JP Morgan Chase and Bank of America — major “zombie” banks laden with “toxic assets,” on the verge of collapse, and the recipients of billions in government (US taxpayer) bailout money — mysteriously posted profits this year. Wells Fargo, regarded as one of the healthier big banks, and a recipient of $25 billion, also reported a profit last week, rallying the stock markets again before the Easter holiday. Continue reading

MSM: Wells Fargo Assails TARP, Calls Stress Test ‘Asinine’

Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief Program, which he said forced the bank to cut its dividend, and called the administration’s plan for stress-testing banks “asinine.” Continue reading

US’s sixth largest bank Wachovia looking for buyers: Report

New York/London, Sep 27 (PTI) Financial turbulence in the US took yet another toll with America’s sixth largest bank, Wachovia, starting preliminary talks with potential buyers including Citigroup, Wells Fargo and Spain’s Banco Santander, media reports say.
The reports about Wachovia looking for a bailout buyer appeared in media a day after the collapse of Washington Mutual, the biggest bank failure of US history. Continue reading