In The News Today

Posted at 11:45 AM (CST) by & filed under In The News.

Sources: US Sends Planeload of Equipment, Officers to Syria via Turkey
Sun Jun 23, 2013

TEHRAN (FNA)- Tens of retired US Army officers accompanied by a military cargo infiltrated into Syria through Turkey’s Hatay province on Sunday, informed sources unveiled, adding that the American militaries and the cargo had arrived in Hatay just this morning.

“An American C-130 plane carrying a cargo of hi-tech telecommunications equipment and devices and 57 retired US officers landed in Turkey’s Hatay province this morning,” an informed source, who asked to remain unnamed for the sensitivity of his information, told FNA on Sunday.

“The US officers crossed the border with Syria via Reyhanli (in Hatay province) and their goal is to take charge of the central command of all military activities of armed rebels in Syria,” added the source.

He mentioned that the military cargo, containing the telecommunications equipment, left Reyhanli for the border crossing after the US officers arrived at their destination in Northern Syria.

Earlier this month, a report said that the US spy agency was gearing up to send weapons to insurgent groups in Syria through secret bases in Turkey and Jordan.

More…

Jim Sinclair’s Commentary

The time is coming.

clip_image002

On an annual basis, bullion is down 2.6 standard deviations, which is the worst reading over the past 10 years.

Jim Sinclair’s Commentary

The world of finance is dark, very dark, and will collapse again very soon. The Second US economic collapse will come before 2013 is out.

In truth the recovery was all contrived.

‘You F–ked Up, You Trusted Us’: Talking Ratings Agencies With Chris Hayes
By Matt Taibbi
POSTED: June 21, 11:25 AM ET

"Standard & Poor’s has long had strict policies to reinforce the independence of our analytical processes… We make our methodology transparent to the market."

That was among the responses of a spokesperson for the ratings agency Standard & Poor’s when I contacted him a few weeks ago in advance of a new Rolling Stone feature, "The Last Mystery of the Financial Crisis," which describes the role the ratings agencies played in causing the 2008 crash. The company was genuinely miffed that anyone would impugn its honesty. In one relatively brief e-mail, the spokesperson used variables of terms like "independent," "integrity" and "transparent," upwards of nine times.

Hold that thought.

"The Last Mystery of the Financial Crisis" makes great use of documents uncovered in years of painstaking research by attorneys at Robbins Geller Rudman & Dowd, a San Diego-based firm that was at the forefront of major lawsuits against the industry. The material those lawyers found leaves virtually no doubt that the great ratings agencies like Moody’s and S&P essentially put their analysis up for sale in the years leading up to the crash.

I picked some of the more damaging of these documents to ask about. Like for instance, an email from a company executive reading, "Lord help our fucking scam. . . . This has to be the stupidest place I have worked at."

Out of context, they said.

More…