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I was fortunately able to catch a screening of the new documentary "(T)error" at the Boston Independent Film Festival. It exposes a whole level and mode of our political reality, the closest thing to an accurate domestic war on terror doc that has yet been done. (official website)
As a film it has some technical shortcomings, but it covers a lot of ground including important community history of the Black Panther Party and intelligence probes of Muslims in New York City. In showing how the real machinery of domestic intelligence operations really work, it's an invaluable, quite original film and one sure to blow the minds of many viewers. At 93 minutes, its length works well with the often low-energy, weird situations, without wearing people out through excessive tangents.
For the first time (T)error brings the viewer within an active FBI sting as 15-year self-described "civilian operative" Saeed Torres moves to Pittsburgh and attempts to sting Khalifah al-Akili (below), a Muslim-American who mainly makes relatively militant Facebook posts, which draws the Feds' attention to him.
In the bulk of the film. with massive guilt and exhaustion hanging over him like a raincloud, Saeed (below) chainsmokes blunts, exchanges lots of texts with his FBI handlers and tries to lurk his way into the local community. Social media engineering attempts and the entry of another veteran informant operative define the midst of the story.
While Saeed is mainly narcing for the money, he also has contempt for Muslims that are messing things up, as he sees it. His regretful severe social isolation, a consequence of his actions, is not downplayed at all - and unlike some films it seems sincere, even as he performs the role of a lying sociopath for envelopes of cash from the feds.
Parallels are connected between the Pittsburgh op and Saeed's earlier FBI sting campaigns since 2000. The story also covers in-depth the very similar sting and prosecution of musician Tarik Shah, whose mother Marlene presents the strong front reminiscent of so many other family members of those targeted previously.
The work that Steve Downs does in attempting to bring transparency in the case is highly commendable and necessary - contact this man's org if you credibly think you are really getting put into a sting:
It's impossible to watch this film without vividly recalling the wave of federal informant activity around the 2008 Republican National Convention and the antiwar movement, culminating in surprise grand jury raids in 2009. I ran into at least four people somewhat like Saeed over about two years and these are the kind of encounters burned in your memory within a whole separate category of social & political reality. For some viewers the 2009 G20 conference in Pittsburgh will echo through this story as well, although it's not discussed in the film.
Adding to this film's urgency, in recent weeks Minnesota's primarily Muslim Somali community has gotten snared in another high profile sting. Early indications are pretty clear that the informant was someone who was under pressure from compelled secret grand jury testimony that went bad, showing how these operations generate the raw power necessary to compel informants into action.
This whole realm is totally alien to most Americans, and I certainly hope that it gets aired as widely as possible. Ideally via another national PBS program distribution deal like Better This World (2011: Dirs Katie Galloway & Duane de la Vega), which covered the "Texas Two" molotov cocktail case and grandiose informant Brandon Darby -- who soon thereafter entered the Breitbart conservative media fold. [I contributed some help to BTW] Review here.
Another film Informant (2012: Dir Jamie Meltzer) more or less let Darby expose himself in his own words.
It also brings to mind the huge series of semi/fictionalized informant characters in movies - how often the Hollywood films end up getting told from the perspective of people that rolled.
Most recently, the skillful and vivid Pynchon adaptation Inherent Vice (2014: Dir Paul Thomas Anderson) features the anxious Owen Wilson as a semi-private COINTELPRO informant circa 1970. Wilson confesses he found out they "want to use us to keep the membership in line" - that is, keep the hippie revolution within boundaries. Helpfully, this film shows the psychological toll that being rolled into the game as a plant really takes, helping drive much of the plot.
Goodfellas (1990: Dir. Martin Scorsese) is getting attention now at its 25th anniversary. Goodfellas' real-life Henry Hill, who was paid handsomely by the film production - ultimately leaving witness protection and dying peacefully in 2012:
American Hustle (2013: Dir David O. Russell) gave a glossy, color saturated Jersey yarn of rolled con man Irving Rosenfeld.
As studios so frequently do, it was paired off Scorsese's indulgent and somewhat saggy The Wolf of Wall Street (2013). Jordan Belfort undeservedly gets the privilege of introducing himself, played by Leonardo DiCaprio - and his sporting of the wire to expose his co-workers is quite condensed from reality in the film plot.
But no one that I'm aware of has touched the notion in fiction or reality of an ex-black revolutionary & Muslim who is a repeat player for the Feds, rather than another smooth-talking pushy hustler folding under charges. (Although you might say The Spook Who Sat by the Door (1973: Dir. Ivan Dixon) portrays the reverse of this operation. Full film here.).
After seeing (T)error it should be easier to understand the kind of shadowy context informant type operations may have intersected with these tragedies, and at least the stubs of the paper trails of those intersections.
See another review: Sundance Doc (T)ERROR Is This Year’s Citizenfour - Vogue. As noted, the regret-bound Saeed really just wishes he could apprentice to a master baker and cook cupcakes. "(T)ERROR should be seen as ancillary viewing to Laura Poitras’s Citizenfour, both of which touch on issues of surveillance and the right to privacy versus the imperative to prevent terrorism."
Saeed pegs his map of Pittsburgh, cryptically:
Follow the Terror documentary on Facebook here. As protests uptick across America again, the film also gains relevancy in looking back at how revolutionary movement's like Saeed's former Black Panther Party, the Nation of Islam and American Muslims got put under COINTELPRO pressure. Saeed never really seems to recant his former revolutionary beliefs, at least on camera. Aptly enough, a Le Carré novel and many other items of political and spy literature dot the scenes in Pittsburgh.
It gives us some better grasp of how the government interfaces deep into the lives of communities living in political and economic tension, making it among the most perfectly relevant things one could hope to see on the screen right now. One can't conclude anything else but that Saeed is another misguided "hero in error", to borrow Iraqi exile Ahmed Chalabi's phrase, a memorably awful defense of his own transgressions.
HSI is a new directorate within the Immigration and Customs Enforcement service. Formed in September, its agents are responsible for investigating large-scale international crime, such as narcotics or arms smuggling, human trafficking, money laundering and any form of terrorism. They also defend against the illegal appropriation and exporting of technology that is crucial to U.S. security.
"In other words we're looking for illegal activity that is crossing the border into the country or crossing the border out of the country," Pino says.
The HSI Special Response Team serves warrants and apprehends international criminals considered too dangerous for other law enforcement to go up against.
"A lot of these criminal organizations are very well-armed, very well-funded and some of them may come from military backgrounds in their home countries," Pino says.
While its name is new, the response team can be traced to the 1980s, before the Department of Homeland Security existed.
"It started here in Miami, in the old cocaine cowboy days," HSI Special Agent in Charge Mike Shea says. "This is the oldest and best tactical entry team in the country.High-risk entry is the core mission."
HSI consists of more than 10,000 employees, including 6,700 special agents, who are assigned to more than 200 U.S. cities and 47 countries .
A relatively monstrous SWAT style truck leads us to a whole new blob of police state developments, busy hands with little to do and a lot of hardware to do it. It's yet another plateau of mad new security bureaucracy, something in this case I was loosely aware of tectonic plates moving, but a little digging revealed quite a nasty new nucleus. Let's plow in and see what was beta-tested through the willingness of politicians to throw money at repressing immigrants. The results begin with big, black scary trucks. And the biggest intelligence group inside the Department of Homeland Security (DHS), and more. Surprise!
What in the hell is the Special Response Team, why do they have eight of these things? etc. What turns up is an entirely new nasty agency gestating with Immigration & Customs Enforcement, from the burbling mass of confused federal police... a new team emerges. With exciting competitions and lurid ways of guarding the Super Bowl from Terrorist Attack - a National Special Security Event. The wikipedia page outlines the bizarre weave of this particular bureaucratic nucleus. And the List of special response units on the ol Wiki shows a spreading motif -- but this Homeland Security super-swat is perhaps the swattiest of all.
HSI SRT Training to jump off shiny new helicopters to save the Super Bowl in Miami - yayyyy!! (this is why your schools/bridges are crumbling, America, the purposeless authoritarian spectacle at its finest ;)
This recently reorganized, months-old ICE Homeland Security Investigations (formerly known as ICE Office of Investigations) should really be on the radar of anyone because this year they are apparently 'filling in the gaps for the Secret Service' at NSSEs like G20, NATO summits and the Republican and Democratic national conventions. (unfortunately the Secret Service is now a part of DHS, not Treasury.) The Federal Protective Service, which likes to take photos around the Twin Cities (see my 2010 Fort Snelling Undercover Fail video, classic times) is now part of some weird directorate but briefly passed through ICE after being removed from the General Services Administration.
The HSI Special Response Teams are seemingly the top layer of a lot of things, from the war on terror / war on drugs motif, to the Super Bowl, to whatever the hell they are planning to do to immigrants on the I-5 near LA, which was where this pic was taken according to Copblock. ICE has a large number of staff on the Joint Terrorism Task Forces that do statistic-generating police state busywork around the country, and interestingly this HSI group is now officially becoming publicly distinguished from the rest of ICE -- and the theory of course is HSI would be spun out of ICE to become a freestanding 'directorate', a more modern and insane paramilitary FBI or whatever.
I wonder if the Secure Communities biometric collection program which was forced upon all counties in Minnesota, regardless of state & local wishes, would feed citizens' data into HSI.... just like the monstrous truck above, now moving more into the "non immigrant" category of freeform federal police activity. Perhaps they shall do some serious black ops against occupier groups angling to get to the conventions? Nevar!
The Special Agents of HSI use their broad legal authority to investigate and combat a range of issues that threaten the national security of the United Statessuch as strategic crimes, human rights violations, human smuggling, art theft,human trafficking, drug smuggling, arms trafficking and other types of smuggling(including weapons of mass destruction), immigration crimes, gang investigations; financial crimes including money laundering, bulk cash smuggling, financial fraud, and trade based money laundering; terrorism, computer crimes including the international trafficking of child pornography over the Internet, intellectual property rights crimes (trafficking of counterfeit trademark protected merchandise), cultural property crimes (theft and smuggling of antiquities and art), and import/export enforcement issues. HSI special agents conduct investigations aimed at protecting critical infrastructure industries that are vulnerable to sabotage, attack or exploitation. HSI special agents also provide security details for VIPs, witness protection, and support the U.S. Secret Service's mission during overtaxed times such as special-security events and protecting candidates running for U.S. president.
HSI was formerly known as the ICE Office of Investigations (OI). HSI Special Agents have legal authority to enforce the U.S. Immigration and Nationality Act (Title 8), U.S. Customs Laws (Title 19), along with Titles 5, 6, 12, 18 (Federal Criminal Code and Rules), 21 (drugs), 22, 26, 28, 31 (exclusive jurisdiction over Money and Finance investigations), 46, 49, and 50 (War and National Defense) statutes; giving them the broadest federal law enforcement jurisdiction of any agency. HSI has more than 8,500 Special Agents, making it the second largest federal law enforcement and criminal investigative agency within the United States government next to the FBI.
The change of names from ICE OI to HSI was announced in June 2010. Part of the reasoning behind the name change was to better describe the general activities of the agency, and to avoid the uninformed stigma that this agency only investigates immigration-related issues (ex. OI/HSI special agents duties were often mistaken by the public, other LE agencies and the media to mirror ERO agents/officers). HSI does have a public relations problem. Its the second largest investigatory agency, but the general public has never heard of it. ICE held it close to the belt and until recently, didn't publicly make the distinction as TSA does with Federal Air Marshals and CBP does with Border Patrol. In 2012, ICE and HSI have mandated a public distinction be made between both organizations. Most often news reports bury HSI's efforts as "immigrations agents" or as ICE efforts, and frequently Department of Justice and US Attorney's Office press releases of HSI-led investigations get spun up to sound like DOJ or FBI investigations that received assistance from local partners and ICE.
The name change toHSI better reflects that it is the U.S. Department of Homeland Security's primary investigative body, and as a result, its thought that someday it will be pulled out from under the ICE umbrella and stand independent under the DHS. An obscure fact is the original planned name before settling on ICE was the Bureau of Investigations and Criminal Enforcement, but the brothers at the FBI didn't approve and made their complaints heard.
IA is a subcomponent of Homeland Security Investigations (HSI). The Office of International Affairs, with agents in over 60 locations around the world, represents DHS’ broadest footprint beyond US borders. ICE Attaché offices work with foreign counterparts to identify and combat transnational criminal organizations before they threaten the United States. IA also facilitates domestic HSI investigations.
Oh good, the CIA and FBI together at last... (and let's not forget the ICE/DHS network of detention facilities: Detention Facilities official front page- what is the HSI role for something like that applied to - somehow - non-immigrants?)
The ICE Homeland Security Investigations (HSI) directorate is a critical asset in the ICE mission, responsible for investigating a wide range of domestic and international activities arising from the illegal movement of people and goods into, within and out of the United States.
HSI investigates immigration crime, human rights violations and human smuggling, smuggling of narcotics, weapons and other types of contraband, financial crimes, cybercrime and export enforcement issues. ICE special agents conduct investigations aimed at protecting critical infrastructure industries that are vulnerable to sabotage, attack or exploitation.
In addition to ICE criminal investigations, HSI oversees the agency's international affairs operations and intelligence functions. HSI consists of more than 10,000 employees, consisting of 6,700 special agents, who are assigned to more than 200 cities throughout the U.S. and 47 countries around the world.
Report suspicious activity. Complete our tip form.....
HSI conducts criminal investigations against terrorist and other criminal organizations who threaten national security. HSI combats worldwide criminal enterprises who seek to exploit America's legitimate trade, travel and financial systems and enforces America's customs and immigration laws at and beyond our nation's borders.
HSI comprises six key divisions:
-National Intellectual Property Rights (IPR) Coordination Center
The official page for the HSI Special Agent in Charge Field Offices of which there are 26:
Homeland Security Investigations has 26 Special Agent in Charge (SAC) principal field offices throughout the United States. The SAC offices are responsible for the administration and management of all investigative and enforcement activities within the geographic boundaries of the office. The SACs develop, coordinate, and implement enforcement strategies to ensure conformance with national policies and procedures and to support national intelligence programs. SACs coordinate law enforcement activities with the highest level of Federal, state, and local governments, as well as intelligence organizations and international law enforcement entities. In addition, SACs supervise all administrative responsibilities assigned to the office and ensure a responsive Internal Controls Program is developed.
To efficiently manage their designated geographic regions, SAC offices maintain various subordinate field offices throughout their areas of responsibility, which support the enforcement mission. These subordinate field offices, Deputy Special Agents in Charge (DSAC), Assistant Special Agents in Charge (ASAC), Resident Agents in Charge (RAC) and Resident Agents (RA), are responsible for managing enforcement activities within the geographic boundaries of the office.
SAC Minneapolis/St. Paul
2901 Metro Drive, Suite 100
Bloomington, MN 55425
If you search for 2901 Metro Drive Suite 100 that is the same office for other immigration, ICE & Homeland Security sub-offices.
These guys also have the completely insane National Intellectual Property Rights Coordination Center, a hearty reminder that the kafkaesque nature of what they call "intellectual property" combined with bureaucratic bloatware budget and an aggressively fascist private industry-friendly design, can truly combine to make one of the most awful, yet admittedly bold, authoritarian government logos of all time. Our Partner Agencies — National Intellectual Property Rights Coordination Center
It's almost enough to make you believe that swat teams could control all the memes they want, and even maybe the copy and paste commands too!
These are like a new branch of goons yet to be accounted for: HSI-Intel.
The ICE Homeland Security Investigations Intelligence Office (HSI-Intel) is a robust intelligence force that supports the enforcement needs of ICE’s executive leadership and operational field units.
Cutting edge technology, complex intelligence gathering tools, multifaceted investigative techniques and a high level of professionalism have enabled HSI-Intel to set the standard for federal law enforcement/intelligence agencies.
HSI-Intel also serves as home to the National Incident Response Unit (NIRU). This unit ensures that ICE is prepared to respond to national emergencies or critical events, including natural disasters, disease pandemics and terrorist attacks. NIRU plans for ICE’s continuity of operations before, during and after catastrophic incidents. During these incidents, NIRU serves as the agency’s central communications “nerve center,” coordinating the sharing of information between ICE components and other federal, state and local agencies. .....
HSI-Intel collects, analyzes and shares strategic and tactical data for use by DHS and ICE leadership and operational units. It also supports federal, state, local, tribal and international law enforcement partners.
HSI-Intel’s analysis and targeting information plays a vital role in supporting investigations related to illegal immigration, terrorism, weapons proliferation, war crimes, financial crimes, trade fraud, drug smuggling, human smuggling and trafficking, child sex tourism and other criminal activities.
I am sure they will figure out how all that drug money gets through the Federal Reserve Bank computer systems one of these days.
A ICE Special Response Team (S.R.T.), an elite tactical unit attached to the Department of Homeland Security, deployed to New Orleans equipped with ZensahÂ (http://www.zensah.com/tactical.html) tactical gear. By wearing Zensah moisture wicking tactical clothing, ICE special response team members receive a first line of defense against hazardous conditions found in the Gulf Coast areas affected by Hurricane Katrina.
ICE special response team members are in the affected areas to save lives, to protect lives, and to provide security to the recovery effort. ICEÂs primary objectives are to support authorities in securing New Orleans and other affected communities and to provide security to federal rescue and recovery efforts.
....The ICE Special Response Team is an elite tactical team for the office of investigations under the Department of Homeland Security in Miami, Florida. Duties and responsibilities include search and arrests warrants, maritime interdiction, customs and immigration enforcement. For more information pleas visithttp://www.ice.gov
MOAR GUNS:Tactical-Life.com » THE U.S. ICE MEN: The ICE Special Responders cometh bringing high-speed efficiency and low-drag force as required! "ICE also maintains five additional certified SRT units that are managed by ICE Detention and Operations." ... not sure if they mean 5 or 6 SRTs total. "the U.S. Customs Service evolved into a very progressive and highly successful interdiction and investigative agency. Due to the number of high-risk enforcement actions being executed on a regular basis, the U.S. Customs Service decided to establish a tactical unit called the WETT (Warrant Entry Tactical Team). In time, the U.S. Customs Service changed the name of its tactical team to the Special Response Team."
Another benefit of filling up society with needless paramilitary organizations is random accidental gunfire. Nice. "Roughly 80 ICE-involved shootings were unintentional and often involved agents dropping, cleaning or reaching for their guns, records show. The guns, in many cases, discharged in offices, government vehicles or during target practice. "
[ OKC Tangent. One other note -- In the Oklahoma City case I think Terry Nichols tried to tip off these Homeland Security types to a stash of explosives he'd obtained from FBI-friendly weapons dealer and Contra player Roger Moore. I don't have that info on hand here but it's around (notes on that ). It failed because some mafia guy snitched to the FBI -- the FBI has a pretty careful info cage around Nichols because of the informant-saturated nature of OKC he likes to talk about. This went down in like 2005. (Source of FBI Delay on Terry Nichols Explosives etc) So the idea is if the DOJ/FBI had a specific scheme such as OKC you could get around them through HSI. There's more to all of this, don't have the notes here, but there have been developments in recent weeks, search 'Jesse Trentadue'.. ]
Conclusions? In any case it's good to know who the 'filler goons' are for NSSE campaigns of state-sponsored violence and insanity, of which 3.5 are scheduled for Chicago/Camp David, RNC & DNC this year, (along with the all important national sporting events), and ICE's new spawn HSI and the HSI SRT giant trucks will soon be a fixture at high profile gigs. There were weird Border Patrol Swat types at the 2009 G20 - See TC Indymedia Exclusive: Secret 'Trigger' & blueprint for emergency domestic military crackdown plan revealed - BORTAC is that team. And who knows what they might do with good ol' FEMA.
What to expect: HSI's avid effort to become a domestic Swiss army knife of police activity between IRS, CIA and FBI; another layer on the Joint Terrorism Task Force cake and a free-wheeling institution in its own right, combined with a few new flashy PR initiatives (a high profile bust of a little fish or 2 perhaps, etc) in order to carry out the planned 'branding' of HSI.
Perhaps we can just shut it down and use the borrowed debt 'money' we save to be less permanently indebted to the banker police state... borrowed money to build out echelons of mass suppression is always a grim spectacle. Imagine what we could have done with the wasted resources instead. Now we know which new goonsquad will get the biometrics data from Secure Communities.
And of course, who better to 'manage' the war on drugs than the organizational descendant of the 'cocaine cowboys' and the 1980s task forces which helped pass through planeload after planeload of cocaine? That era's keywords, Barry Seal, aviation fronts like Vortex, Southern Air Transport, Evergreen, Polar Air Cross and Air America (some still thriving), operations like AMADEUS, PEGASUS and WATCHTOWER, the quasi-privatized intelligence operations authorized under proclamations like Executive Order 12333 to facilitate the drugs-for-weapons smuggling... those were a few critical points of that era.
What awaits us next? How will HSI deal with the vast scale of financial corruption? What will they do? Who are they going to point the weapons at, and where are the trucks going? Chicago, Charlotte & Tampa... but first, LA, of course. For the immigrants.
Adventures today in the Minneapolis blizzard including snowshoes!
I posted an uncut snippet I shot at the Pittsburgh G20 with some nice interviews as riot police from Palm Beach County mass up for crackdowns, gassing and overall uselessness. Part of this was used in 'Democracy 101'.
Just a few seconds of sketchy National Guard riot control moments filmed by yrs truly:
Mall of America Homeland Security Suspicious Activity Reports Intel Data Practices - shot this vid interesting stuff with the chief of MOA Security rationalizing the total secrecy in the horrible SAR system:
Raided peace activists vs the feds and whatnot - the FBI was there so it was awkward / awesome (part 1 of 3)
New Madrid Seismic Zone news clip:
Another clip from New Madrid - this was on the US Army Corps server:
Another New Madrid government video:
Minneapolis Mayor RT Rybak touts the expansion of corporatist surveillance grid downtown. This was on a public access show which is improperly marked as Copyrighted and not otherwise online.
I recorded the segment about Minneapolis cops giving bikes out immediately afterwards. It's pretty pointless & not too interesting but I posted it anyway....
Helmet cam video I got off of LiveLeak and figured it, if nothing else, to be a pretty unmediated portrayal of the Afghanistan mess, complete with Running Out of Ammo.
Finally last vid of me complaining to FCC Commissioners about Net Neutrality, Electromagnetic Pollution, False Flag Facebook groups and some other stuff.
Hey everyone, the big story is finally getting released. This should clarify a lot of confusing dimensions to what's really been going on. And a huge relief to deal with - after months of work!
It's a messy one - but really important. Tune into RuleOfLawRadio.com tonite, Fri Nov 19th -- if I have ever done ya a favor - or even written something which amused you - please return it by helping to spread this story to anyone, anyone affected by the Gulf disaster, concerns about martial law, natural disasters, FEMA, Northcom, Homeland Security, the G20, RNC, DNC2012 (!) etc. More-or-less I tripped over the core of the damn thing so here's what the real deal is.
The story will be here on HongPong.com, TC.Indymedia.org, and ExceptionMag.com. Or tune into AM stations around the Heartland, where they ought to hear about it....
Friday November 19th on AxXiom for Liberty LIVE-CONPLAN Secret Ops exposed!
One of the best independent researchers I know will be unveiling for the first time the results of some very interesting research.
He has been working on this story since April and has been driving me crazy with hints of what it is all about. I have just now gotten a sneak peek of the information and will just say that it was worth the wait!
You won’t want to miss this show!
In brief, Dan has found “new military documents really maps out the latest revisions of how the system works when the 'military hits American streets'. It's about FEMA, Northcom, how they plan out domestic emergencies and crackdowns like the RNC/G20 - hard proof of new revisions to secret military plans they've run since the '68 conventions & Kent State.”
On Friday Nov 19th Dan will post the links for these eye-opening documents that we ask you to hit them quick, download and share because once this story is out those docs will be gone!
The evidence will be posted shortly before the show at 5:30 pm at these locations.
From the shadier side of Switzerland comes the bank where the Nazis put plenty of dental gold they pillaged... Now with another gold-related operation for the 21st Century!
One of the shadiest institutions in the world, the obscure Bank of International Settlements, was initially set up in 1930 to handle Germany's reparation payments after World War I, and like so many other geopolitical disasters it got rolling in the Treaty of Versailles.
As the Nazis began to operate, they used it to launder gold, under the leadership of Nazi Ministers of Economics Hjalmar Schacht and Walther Funk. Soon enough the national gold treasury of Czechoslovakia got thrown into a BIS-controlled vault. Your IG Farbens, Harriman Brothers, etc., major Allied and Axis industrialists and financiers crossed financial operations here -- and it was always partially owned by the Federal Reserve Bank.
In a complex scheme involving Keynes and the other players of the time, tragically BIS wasn't dissolved after World War II, and instead became a central venue for central bankers to meet and operate, kind of a banker counterpart to the G7, G10 or G20.
Since then, many German globalist schemes have unfolded. From the geopolitics of the German-centered EU to the new European Central Bank (ECB), these institutions have grown a lot since World War II.
The BIS has cruised along in a unique geopolitical track. At some point the BI somehow "sold itself" to other major central banks, and more recently acquired a very large amount of gold. Generally not in the news, the BIS discreetly announced recently it was trading for 346 tons of gold from some mysterious buyer, perhaps from the sad government of Portugal.
The BIS operated in tandem with the International Monetary Fund (founded 1947), which itself is developing a new meta-currency called Special Drawing Rights or SDRs. IMF FactSheet on SDRs:
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204.1 billion (equivalent to about $ 321 billion).
The role of the SDR
The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.
However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs.
The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR, serves as the unit of account of the IMF and some other international organizations.
Basket of currencies determines the value of the SDR
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF's website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.
The IMF is trying to extend the use of SDRs as a base for new credit instruments. However what does the IMF have backing it up, compared to states (and their capturable revenue/taxation streams?)
If the BIS and the IMF made a mishmash of SDR and gold loans, or perhaps issue partially gold-backed SDRs, then they can create a global fractional reserve currency. Since this currency would be based on both gold and the major currencies, perhaps China and Russia would be happy with it.
The Federal Reserve System, in its role as the apocalyptic doom bringer, is of course helping make sure that everyone will easily be able to dump their dollars for quasi-gold SDRs. Global trade will leave America behind with a finally shattered currency, Fed as the final executioner, finally ending the dollar's role as the global "reserve currency".
Then the Bank of International Settlements reigns supreme as the lodestone of a whole new reich of geopolitik, able to centrally tweak the availability of credit in order to whipsaw the general public out of all their wealth.
But that's just a riff on some funny story I read on the notable anti-corruption & smack talkin site Zero Hedge...
What we are seeing is the emergence of another funding structure based on the SDR - SDR’s that have a degree of gold backing.
The BIS now has a total of 12.4% of its deposits (32B SDR) in the form gold deposits. Note #11 to the BIS financial statements states: “Gold deposits placed with the Bank originate entirely from Central Banks. They are all designated as financial liabilities measured as amortized cost”.
ARE WE SETTING THE PINS UP FOR AN ALTERNATIVE RESERVE CURRENCY?
Are we moving towards the BIS and IMF being fractional reserve banks that will create money & credit - a reserve currency that will satisfy Russia and China with an element of Gold backing? A bank such as the BIS could easily assume this role (if it hasn’t already) as could the IMF with possible banking charter adjustments.
The chances are high that this is the roadmap we will find ourselves taking. Like all banking that started as Gold backed you could expect that in this case the little gold backing that starts the process is quickly diminished so a limitless money machine could begin functioning. The gold backing would likely be an initial requirement by Russia and China. The partial gold backing would lend credibility to the acceptance and a possible reserve currency alternative and eventual establishment as the global reserve currency.
Ben Davies the CEO of Hinde Capital in London and a player in the gold market suspects (12:40) we may have a modified form of swap emerging. There is the possibility that the commercial bank is in fact a major gold bullion bank. Some of the bullion banks have major short positions on gold that far outstrip the annual physical production of gold. The disconnect between physical and paper gold along with rising gold prices is likely causing serious strains on their balance sheet. As Davies points out the gold may be transacted from a central bank to the BIS through a bullion bank while the gold physically remains with the originating central bank; is classified as ‘unallocated’ at the BIS but in fact remains on the books of the bullion bank. It effectively is double accounted for. The increase in gold would allow gold prices to be pushed lower, which in fact is what has been happening. A careful reading of the BIS financial statements shows more clearly the accounting for such a transaction.
There can be little doubt that the Gold Swap is with a central bank where the physical gold remains. The transaction isconsidered a deposit at the BIS (liability) but has been lent to a commercial bank (likely a bullion bank) as a loan (asset). The question is only why a bullion bank needs to borrow this quantity of gold, remembering it never gets the physical gold because it remains at the originating central bank. The reader is encouraged to read the Financial Policy notes #4,5, 6, 13, 14, 15, 16, 17 and 19 within the BIS Financial Statement for a clearer understanding along with Notes to the Financial Statements #4 and #11.
The BIS is known as the central bank to the central bankers.
The BIS may equally be referred to as the Central Gold Bullion Bank to the Gold Bullion Banks.
The March 31 2010 Financial Statement of the BIS shows 43.0B SDR’s of gold or 16.6% of total assets. According to note #4 to the BIS Financial Statements: “ Included in ’Gold bars held at central banks” is SDR 8,160.1 million (346 tonnes) (2009: nil) of gold, which the Bank held in connection with gold swap operations, under which the Bank exchanges currencies for physical gold. The Bank has an obligation to return the gold at the end of the contract.” It is very important to appreciate this note is pertaining specifically to BIS ‘assets’ which in the case of banks are what the reader would consider ‘loans’. Under Financial Policy notes #5 to the Financial Statement the BIS is clear that under banking portfolios “all gold financial assets in these portfolios are designated as loans and receivables”. Separately, but very interestingly the BIS additionally states “ the remainder of the Banks equity is held in gold. The Bank’s own gold holdings are designated as available for sale”.
SPECIAL DRAWING RIGHT (SDR)
If problems get worse for Portugal, as possibly the global economic climate worsens, then the gold may never legally belong to Portugal. The contracted swap terms at some point may simply reclassify it a net zero sale, if Portugal fails to return the cash portion of the swap. The BIS would have 346 tonnes of gold and Portugal the $14B of Euros it has long since spent to solve a 2010 problem. By then Portugal likely would need even more loans in whatever currency would replace a crumpling or possibly extinct Euro.
Up until 2004 the BIS denominated its financial statements in Gold Francs. It now has made a major shift to denominating itself into Special Drawing Rights (SDRs). The calculation is exactly the same as used for the IMF. The SDR is operating as a defacto currency.
HOW MUCH LEVERAGE WILL THE CENTRAL BANKER CHOOSE TO COMPOUND? => “x” times “y”
The advantage of this approach is:
Leverage: Compounding money creation between banks
Partial gold backing: Present BIS levels of 12.4%
SDR: Offers a basket of currencies approach versus a single currency dependency.
Former Communist bloc regime backing: China and Russia would likely support this approach for a number of reasons, which they have already expressed as short comings to the current global reserve situation.
Reserve Currency: The SDR approach offers a migration path from today’s US$ reserve currency to an alternative bank reserve currency to a future global reserve currency.
Well that's pretty serious, eh comrades? We paid Ben Bernanke a salary (sort of) as someone who's supposed to steward America's economy, not give the Germans and others a "migration path" away from the US as global reserve currency. What the hell are these people doing?! And when did this BIS emerge as a Key Component of the plan?
Someone warned us a solid 44 years ago. What did that grizzled chronicler of Anglo-American power relations, Carroll Quigley, a firm believer in Cecil Rhodes & the Roundtable Group, describe in 1966 with Tragedy & Hope: A History of the World in Our Time?
Pg. 324: the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.
Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.
..... This book is too good. Wandering off from BIS, for a moment, Quigley's giving us a clear view of Wall Street's Control of the American Left via Gatekeepers & Foundations, it also makes fun of The New Republic later on as well so let's include :)
The significant influence of "Wall Street" (meaning Morgan) both in the Ivy League and in Washington, in the period of sixty or more years following 1880, explains the constant interchange between the Ivy League and the Federal government, an interchange which undoubtedly aroused a good deal of resentment in less-favored circles, who were more than satiated with the accents, tweeds, and High Episcopal Anglophilia of these peoples
Pg. 938: Because of its dominant position in Wall Street, the Morgan firm came also to dominate other Wal1 Street powers, such as Carnegie, Whitney, Vanderbilt, Brown-Harriman, or Dillon-Reed. Close alliances were made with Rockefeller, Mellon, and Duke interests but not nearly so intimate ones with the great industrial powers like du Pont and Ford. [Because] ... of the great influence of this "Wall Street" alignment, an influence great enough to merit the name of the "American Establishment," this group could ... control the Federal government and, in consequence, had to adjust to a good many government actions ... [which they had secretly supported ]. The chief of these were in taxation law, beginning with the graduated income tax in 1913, but culminating, above all else, in the inheritance tax. These tax laws drove the great private fortunes dominated by Wall Street into tax-exempt foundations, which became a major link in the Establishment network between Wall Street, the Ivy League, and the Federal government.
More than fifty years ago the Morgan firm decided to infiltrate the Left-wing political movements in the United States. This was relatively easy to do, since these groups were starved for funds and eager for a voice to reach the people. Wall Street supplied both. The purpose was not to destroy ... or take over but was really threefold: (1) to keep informed about the thinking of Left-wing or liberal groups; (2) to provide them with a mouthpiece so that they could "blow off steam," and (3) to have a final veto on their publicity and possibly on their actions, if they ever went "radical." There was nothing really new about this decision, since other financiers had talked about it and even attempted it earlier.
Pg. 939: The New Republic was founded by Willard and Dorothy Straight, using her money, in 1914, and continued to be supported by her financial contributions until March 23, 1953. The original purpose for establishing the paper was to provide an outlet for the progressive Left and to guide it quietly in an Anglophile direction. This latter task was entrusted to a young man, only four years out of Harvard, but already a member of the mysterious Round Table group, which has played a major role in directing England's foreign policy since its formal establishment in 1909. This new recruit, Walter Lippmann, has been, from 1914 to the present, the authentic spokesman in American journalism for the Establishments on both sides of the Atlantic in international affairs.
Pg. 950: There does exist, and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the ... Right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies (notably to its belief that England was an Atlantic rather than a European Power and must be allied, or even federated, with the United States and must remain isolated from Europe), but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.
Lately I've found this site to be fairly awesome: Institute for the Study of Globalization and Covert Politics includes the post-1960s permutations of the Anglo establishment, including the Pilgrims Society, the truly amusing World Wildlife Fund 1001 Nature Trust / Club, and Le Cercle, all of which feature similar styles of operation to BIS type globalist schemerz....
Anyway as usual getting drawn far afield. There are any number of other sources about BIS, IMF and SDRs, but people in general have never heard of SDRs. Better get wise before these children of Schacht develop their fractional global gold SDR and use the Federal Reserve to wipe out America's wealth. Don't say Quigley and I didn't warn ya!
I was proud to help contribute some footage to this video - soon enough there will be more video out from what happened at the G20. For now please just check this out. It's certainly a "rough cut" and needs some help in the narrative & so forth, but it's a great intro to the widespread police abuse as well as the raucous street protests that went down in Pittsburgh. For more please see IndyPGH.org
Democracy 101: Pittsburgh G20 Protests and the Police Occupation of Pitt University
Version 1 of a documentary about the recent Pittsburgh G20 Protests, and the Police Occupation of the University of Pittsburgh. This film is a collaboration between Pittsburgh Indymedia, Chicago Indymedia, Twin Cities Indymedia, and the Glass Bead Collective. Expect a future version with even more footage, and more analysis about the G20 and the Occupation of Pitt.
For yr amusements here is the 2 part interview I did on the Alex Jones show last week.
Jones kind of had it a bit off on my role in things that I couldn't really correct him on in time. I was a lot more involved with support/logistics work than directly editing the various videos that came out of the shop -- though I did co-edit the video of the 3 provocateurs:
G20 Epic undercover police fail (now getting up to 160K views :-)
Alright so I've been out in Pittsburgh helping cover the G20 conference -- things got pretty hairy out here. We've hunkered down at the Pittsburgh Indymedia Center (http://indypgh.org) and the crew has turned out a ton of videos of police brutality that have gone viral over Internets!
I just did a quick couple segments on the Alex Jones show about the situation here and it went really well. I haven't used this site to put the material up because we've been using YouTube and Indypgh.org almost exclusively, but I will add some videos when I get a few minutes.
Thanks to Infowars people for stopping by -- if you are looking around for things to check out you may enjoy the Sibel Edmonds coverage or other materials. The motto has been Information Operations, Spinstorms and Latent Contradictions -- on a good day that's what it's all about.