It really is convenient to see no one can recover any lost funds from the perps in this wash, rinse, recycle again process. If I didn’t know better, I’d say this fine was a simple license fee to do it again and if caught, pay for another license.
CFTC Orders JPMorgan Chase Bank, N.A. to Pay $65 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates
June 18, 2018
Washington, DC – The Commodity Futures Trading Commission (CFTC or Commission) today issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary penalty.
The CFTC Order finds that over a five-year period, beginning in at least January 2007 and continuing through January 2012 (the Relevant Period), JPMC made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a leading global benchmark referenced in a range of interest rate products, to benefit its derivatives positions, including positions involving cash-settled options on interest rate swaps.
James McDonald, CFTC Director of Enforcement, commented: “This matter is one in a series of CFTC actions that clearly demonstrates the Commission’s unrelenting commitment to root out manipulation from our markets and to protect those who rely on the integrity of critical financial benchmarks.”
No big hamburger here! Courtesy of JB.
Horowitz Reveals That Comey Is Under DOJ Investigation Over Mishandling Classified Info
June 18, 2018
DOJ Inspector General Michael Horowitz made a stunning admission during Monday Congressional Testimony that former FBI Director James Comey is under a separate and ongoing investigation over mishandling of classified information – when asked by Senate Judiciary Committee Chairman Chuck Grassley (R-IA) about
Grassley: “Comey said he did not expect a report on his handling of classified information because, “That’s frivolous.” I don’t happen to think that it is frivolous. Question number one, Mr. Horowitz, are you investigating the handling of his memo and does that include the classification issues, and should Mr. Comey expect a report when it’s complete?”
Horowitz: “We received a referral on that from the FBI,” We are handling that referral and we will issue a report when the matter is complete, consistent with the law and rules that are–a report that’s consistent and takes those into account.”
CIGA Robert warns of higher taxes from desperately indebted nations.
Linear analysis never takes into account climate cycles. And history does show the earth does go through cycles of climate much like locusts come in cycles. And certain countries are experiencing real change that is not warming. Russia had the coldest spring in a 140 years which devastated their winter wheat harvest.
Watch the coming outcry for taxation as Europe goes broke. As it is countries are rushing to load up on debt before the ECB stops buying so what comes next will be increasing taxes.
The fight will be on and will add to trade disputes already under way.
Leaked UN Draft Report Warns Of Urgent Need To Cut Global Warming
June 15, 2018
The world is on track to exceed 1.5C of warming unless countries rapidly implement “far-reaching” actions to reduce carbon emissions, according to a draft UN report leaked to Reuters.
The final draft report from the UN’s intergovernmental panel on climate change (IPCC) was due for publication in October. It is the guiding scientific document for what countries must do to combat climate change.
Human-induced warming would exceed 1.5C by about 2040 if emissions continued at their present rate, the report found, but countries could keep warming below that level if they made “rapid and far-reaching” changes.
Under the 2015 Paris climate agreement, almost 200 countries signed up to limit global temperature rises to well below 2C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5C.
Courtesy of Dave
Where Did the Russian Portfolio of American Bonds Disappear To?
June 18, 2018
By Ivan Danilov
Translated by Ollie Richardson & Angelina Siard
cross posted with http://www.stalkerzone.org/where-did-the-russian-portfolio-of-american-bonds-disappear-to/
Practice shows that there are three topics connected to Moscow that attract genuine attention, and often also invoke the sincere surprise of the foreign financial press and expert community.
The main mystery that the authors of the western financial periodical press try to solve is why the Russian economy hasn’t yet collapsed, despite unprecedented western sanctions? If it continues like this, then the meme about the “mysterious Russian economy” will occupy in the western news sphere a place near a meme about the “mysterious Russian soul”.
One more topic moving the world is the Russian successes in relation to intercepting control over the OPEC oil cartel, which the Americans once created to advance their own interests. Now American journalists sadly joke that it is time to rename OPEC into ROPEK, because now it is Russia – which (oh the horror!) doesn’t react to the tweets of Trump demanding to immediately lower the prices of oil – that rules here.
It is impossible to not mention the topic of the Russian gold reserves and the persistence with which the Central Bank buys gold for gold and foreign exchange reserves. Taking into account with the amount of this metal in its own stocks Russia already overtook even China, western analysts suspect that this strategy is a part of strengthened preparation for the collapse or radical reformatting of the world monetary system, after which gold will be the only “financial instrument” that not only keeps its value, but also raises it.
Courtesy of Dave.
What Does the North Korea-Trump ‘Best Friends’ Summit Portend for Iran?
June 19, 2018
What an odd outcome: After all the threatened ‘fire and fury’, all the earlier bluster about complete, irreversible, verified, denuclearisation, and all the neocon bravura about Kim Jong Un having to transfer his nukes to the US, and having to undertake irreversible steps to strip himself nuclear-naked, as it were, prior to Trump lifting his little finger – all this melted away, like snow, into a show of BFFE (best friends for ever).
“The Singapore summit was long on theatre and largely devoid of substance”, writes Professor Steven Walt, “save for a typical Trumpian giveaway. This time Donald Trump impulsively offered to suspend military exercises with South Korea (without notifying Seoul in advance) in exchange for a North Korean pledge to do – well, nothing. If the self-proclaimed master negotiator keeps making deals like this, there will be a Kim Jong Un Hilton in Honolulu, before there is a Trump Tower in Pyongyang. The most significant development in Singapore was to complete the transformation of Kim… into a serious and engaged world leader, of some stature.”
Was this just an example of creative, Trump unorthodoxy (face-to-face meeting in advance of substantive agreement) – i.e. the voiding of a blockage? Or, was it because the outlines to Kim Jong Un’s policy objectives have been clear since at least 2013, but the tilt point in turning it from something latent into substantive form, was the metamorphos in South Korea which gave Moon the clear mandate to seek the reunification of the Peninsular (something the North Korean leadership had long sought)?
And who did not know this? Courtesy of JB.
Study Confirms Most Psychopaths Live in Washington D.C.
June 18, 2018
Murphy also included the District of Columbia in his research, and found it had a psychopathy level far higher than any other state. But this finding is an outlier, as Murphy notes, as it’s an entirely urban area and cannot be fairly compared with larger, more geographically diverse, US states. That said, as Murphy notes, “The presence of psychopaths in District of Columbia is consistent with the conjecture found in Murphy (2016) that psychopaths are likely to be effective in the political sphere.”
Surprised? I didn’t think so. But still, fun to get some scientific confirmation.
Psychos are drawn to power. It is not just that power corrupts, it is that already corrupt people seek power. Government is the best industry to be in for someone with no morals.
The study is called Psychopathy By State, conducted by Ryan Murphy. He surveyed samples from the lower 48 states and Washington D.C. to find the prevalence of personality traits which correspond to psychopathy.
The personality traits generally corresponding to psychopathy are low neuroticism, high extraversion, low agreeableness, and low conscientiousness.
Is your village mentioned here? Courtesy of JB.
Judicial Watch Sues State Department for Obama-Era Records on Refugee Resettlement Site Locations
June 18, 2018
(Washington, DC) — Judicial Watch announced today that it filed a Freedom of Information Act (FOIA) lawsuit in the United States District Court for the District of Columbia for records on sites that were considered for the resettlement of refugees in the United States during the last two years of the Obama administration. (Judicial Watch vs. U.S. Department of State (No. 1:18-cv-01244))
Judicial Watch filed the lawsuit after the State Department failed to respond to a February 23, 2017, FOIA request seeking:
- All records reflecting the locations within the United States that were considered as possible sites for refugee resettlement under the U.S. Refugee Admissions Program (USRAP) in 2015 and 2016.
- All records reflecting the criteria used to determine suitability of locations as refugee resettlement sites in 2015 and 2016.
- All records reflecting the names of local organizations promoting any of the locations identified above for consideration as refugee resettlement sites.
In October 2016, Judicial Watch made public 128 pages of documents it obtained from the mayor of Rutland, Vermont, showing a concerted effort by the mayor and a number of private organizations to conceal from the public their plans to resettle 100 Syrian refugees into the small southern Vermont town. The mayor and resettlement organizations shrouded the plan in such secrecy that not even the town’s aldermen were informed of what was taking place behind closed doors. The aldermen eventually wrote to the U.S. Department of State protesting the plan and opened an investigation into the mayor’s actions.
Courtesy of JB.
Judicial Watch Sues DOJ for Mueller Deputy Andrew Weissmann Text Messages Regarding Trump, Clinton
June 19, 2018
(Washington, DC) — Judicial Watch announced today that it filed a Freedom of Information Act (FOIA) lawsuit asking the court to compel the Department of Justice produce “all text messages to or from DOJ official Andrew Weissmann” regarding President Donald Trump and Hillary Clinton. (Judicial Watch v. U.S. Department of Justice (No. 1:18-cv-01356)). Weissmann is a senior deputy for Special Counsel Robert Mueller and a former chief of the Justice Department criminal fraud division.
Judicial Watch filed suit after the DOJ failed to respond to a December 15, 2017, FOIA request for:
- All text messages sent to or from DOJ official Andrew Weissmann regarding Donald Trump and/or Hillary Clinton between August 8, 2016 and the present.
- All calendar entries, whether in physical or electronic form, for Weissmann from January 1, 2015 to the present.
Weissmann’s objectivity in Mueller’s investigation was called into question in December 2017 when a Judicial Watch FOIA lawsuit uncovered an email Weissmann wrote praising former acting Attorney General Sally Yates for defying Trump on enforcement of the president’s so-called travel ban.
‘A Father and his Daughter’s Fiancé’ Courtesy of Frank O.
A young woman brought her fiancé home to meet her parents. After dinner, her mother told the girl’s father to find out about the young man.
The father invited the fiancé to his study for a talk.
“So, what are your plans?” the father asked the young man.
“I am a biblical scholar,” he replied.
“A biblical scholar, hmmm?” the father said. “Admirable, but what will you do to provide a nice house for my daughter to live in?”
“I will study,” the young man replied, “and God will provide for us.”
“And how will you buy her a beautiful engagement ring, such as she deserves?” asked the father.
“I will concentrate on my studies,” the young man replied, “God will provide for us.”
“And children?” asked the father. “How will you support children?”
“Don’t worry, sir, God will provide,” replied the fiancé.
The conversation proceeded like this…and each time the father questioned, the young idealist insisted that God would provide.
Later, the mother asked, “How did your talk go, honey?”
The father answered, “Another Democrat. He has no job, he has no plans, and he thinks I’m God.”