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Shell to decommission part of Brent field in UK North Sea

Shell UK Ltd. announced an extended 60-day public consultation on
recommendations to decommission certain platforms on Brent oil and gas
field in the UK North Sea. Shell submitted a decommissioning program to
the UK Department of Business, Energy, a…



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The Clintons Assisted Goldman Sachs, Angela Merkel In The Greek Financial Crisis

It’s a story that has been often told many times in part, but not in total. While Goldman Sachs role in helping to create the environment for Greece’s government-debt crisis is well known, less discussion is given to the role the Clinton family played in helping Angela Merkel to consolidate political control of Greece while also assisting Goldman as it continued to benefit from the meltdown once austerity measures had begun. The Clintons appear to have received funds from both Germany and Goldman Sachs during this period.


I. Goldman Sachs Was Responsible For Greece’s Economic Collapse


Goldman Sachs is generally blamed for having a hand in intentionally causing Greece’s 2008 financial crisis. Observers have noted that the financial group was instrumental in helping to arrange a secret loan of 2.8 billion euros for Greece, disguised as an off-the-books “cross-currency swap” – a complicated transaction in which Greece’s foreign-currency debt was converted into a domestic-currency obligation using a fictitious market exchange rate. This allowed Greece to hide 2% of its debt but left it immediately in a much worse position after the effects of 9/11 caused the amount Greece owed to Goldman double.


Meanwhile, Goldman padded its profits by leveraging Greece as much as possible along with most of the rest of the global economy. It continued this pattern of predatory lending advice in 2005, when they renegotiated the deal with Greece to lock in their debt at a staggering 5.1 billion euros. In 2009, it made another proposal for a financial instrument that would push the debt from Greece’s healthcare system into the future, delaying payment. In the aftermath of its efforts to financially hobble various nations across Europe, Goldman employees have moved into positions of control within Europe’s financial sector. Mario Draghi, managing director of Goldman’s international division at the time of their negotiations with Greece, has since moved on to become the head of the European Central Bank.


II. The Clintons Helped Goldman Sachs To Continue To Exploit The Greek Crisis Financially


As Greece’s crisis exploded, Goldman associates began to make apparent moves to continue to leverage the situation as much as possible. In 2014, Marc Mezvinsky, a former Goldman Sachs employee and wife of Chelsea Clinton, launched Eaglevale Hellenic Opportunity along with two other Goldman employees to attract investors hoping to cash in on Greece’s broadly touted economic recovery. As a former Goldman employee, it is strange that Mezvinsky appeared to be so certain of a Greek recovery, given his relationship to the finance group that laid the foundation for the crisis and knew firsthand how unlikely Greece was to recover. SEC documents reveal that new investors to Eaglevale Hellenic were required to put down at least $2 million. Goldman chief executive Lloyd Blankfein not only invested in the firm, but allowed his association with the fund to be used in its marketing. Hillary Clinton has refused to comment on how much Blankfein invested in Eaglevale Hellenic. At a time where Greece’s financial woes were not only well known to Goldman Sachs, but becoming increasingly obvious to the world, the Eaglevale fund bears alarming signs of being a blatant attempt to steal cash from unwitting investors too foolish to see the writing on the wall.


The Clintons were receiving inside information that would have kept them incredibly well informed about the Greek crisis. Gary Gensler, former co-head of finance at Goldman Sachs and the financial director of Clinton’s 2016 election campaign was revealed in Wikileaks Hillary Clinton Email Archives to have been sending Clinton inside information on Greece’s recover prospects while he was acting as the head of the U.S. Commodity Futures Trading Commission (CFTC) in 2011. In 2012, Sydney Blumenthal emailed Clinton classified information about German leadership’s thoughts on further potential bailouts for Greece which apparently had been acquired by a “sensitive source” working undercover within the German government. While receiving some of this information was part of Clinton’s job as Secretary of State, her close relationship to Goldman Sachs and her son in law’s Greek fund raises very clear questions about potential conflicts of interest.


III. The Clintons Helped Germany Consolidate Political Control Of Greece By Encouraging Austerity


As Greece began to react negatively to austerity demands made by Germany during its first two successive bailouts of the financially embattled nation, the Clintons worked to ensure that Greece did not leave the Eurozone and continued to accept austerity measures even when these actions did not benefit the German and Greek people. By January 2015, Greeks were tired of increasingly demanding German financial bailouts and elected Alexis Tsipras as Prime Minister after he promised to resist further austerity measures. The media was awash with rumors that Greece would leave the Eurozone in a “Grexit.” By early July, emails from Wikileaks Podesta Files showed that the Clinton camp was working to ensure that Greece remained in the EU and suggested that Bill Clinton speak directly with Prime Minister Tsipras to prevent Grexit.


On July 10, just days after the first flurry of emails worrying about a potential Grexit, CNN reported that German Chancellor Angela Merkel was inclined to listen to the demands of German voters and say no to another round of austerity. Later on the same day, Bill Clinton’s foreign policy advisor and Hillary Clinton associate John Podesta were included in an email chain discussing disapproval of Merkel’s decision and decided that Mr. Clinton should call Merkel to “suggest” a change of course. Just nine days after this email was sent, the BBC reported that Merkel was “flip flopping” and would consider a third round of austerity measures for Greece. The austerity measures were criticized as being far too generous to Greece and not being in the best interest of German taxpayers. The multiple measures of austerity ultimately reduced Greek sovereignty and increased their reliance upon the EU.


IV. The Clintons Received Apparent Compensation From Goldman Sachs And Germany For Their Work


The Clintons not only held improperly close financial and familial relationships to individuals associated with the finance group that caused Greece’s crisis, but also apparently assisted Angela Merkel in consolidating German control over the EU and forcing certain states such as Greece to become increasingly dependent upon the union. In both cases, they appear to have been compensated handsomely for the roles they played.


Goldman’s role in creating the Greek crisis and Mezvinsky’s attempts to attract cash to what savvy investors should have seen as a doomed venture raises new questions about the hundreds of millions paid to the Clintons by Goldman for “speaking events” from 2001 to 2016, the exact same time that Goldman Sachs was involved with helping lay the foundation for Greece’s collapse. Some of these speeches occurred after Eaglevale Hellenic Opportunity opened its doors in 2014.

Germany also made significant donations to the Clinton Foundation and Hillary Clinton’s election campaign. In February 2015, at the same time Tsipras was pushing for an end to austerity measures, the German government was revealed in Wikileaks emails to be among foreign governments who were “recent donors” to the Clinton Foundation. Clinton insiders frequently worried about whether the foreign donations might be perceived as unethical or illegal. It has since been revealed that Germany gave nearly £4 million in taxpayer’s money to the Clinton Foundation during the height of the 2016 U.S. presidential election.

 

Angela Merkel’s attempts to retain control over Greece through austerity have been just one of a number of measures to consolidate and centralize power in the European Union. In January 2017, Disobedient Media reported on accelerated efforts to create an EU Army, which would cause substantial financial, military and political burdens for European states.

 

This article was originally posted at www.disobedientmedia.com

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“Danger” – Matt Drudge Warns: “Republicans Only Know How To Be Opposition, Not Lead!”

Drudge Report founder Matt Drudge does not personally tweet too often, so when he does, it is likely something that has infuriated him and that appears to be the case with the Republican party that he helped get elected.

In an angry tweet, Drudge raged, Republicans should be “sued for fraud” for not prioritizing tax cuts and ObamaCare…

Republican party should be sued for fraud. NO discussion of tax cuts now. Just lots of crazy. Back to basics, guys! pic.twitter.com/5uHIg8klq6

— MATT DRUDGE (@DRUDGE) February 8, 2017

White House eyeing executive order targeting ‘conflict minerals’ rule… Meanwhile, is Obamacare penalty tax still in place?

— MATT DRUDGE (@DRUDGE) February 8, 2017

Clearly disappointed at the GOP’s lack of urgency in what he sees as crucial promises made to the electorate.

“No Obamacare repeal, tax cuts! But Republicans vote to shut Warren? Only know how to be opposition not lead! DANGER,” Drudge said in another tweet while linking to a story by the New York Times.

No Obamacare repeal, tax cuts! But Republicans vote to shut Warren? Only know how to be opposition not lead! DANGER https://t.co/1IrwjeZsQ0

— MATT DRUDGE (@DRUDGE) February 8, 2017

We would tend to agree that Drudge has a point but hope springs eternal that Obamacare repeal and tax cuts are re-prioritized over banking deregulation and immigration sooner rather than later.

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A Letter to Trump From Big Pharma That Protests Too Much

US immigration order strikes against biotech  …  We the undersigned, founders and leaders of biotech companies, write to express our deep concern and opposition to the executive order signed by President Donald Trump on January 27, 2017, barring the entry of citizens from seven countries into the United States.  The United States is the world’s greatest developer of medicines and new inventions to ameliorate and cure intractable diseases, a status achieved through massive investment in private and public companies, academia and R&D. Most importantly, our success has been founded on the creativity and dedication of our most precious resource—our people. -Nature Biotechnology

The biotech (pharmaceutical) industry has written a letter to Donald Trump objecting to his banning of Muslims from seven countries in the Middle East.

The ban is not actually a ban but a closer look at Visa applications, and has already been overturned by the courts, though the President is appealing.

From our point of view, the letter is noteworthy because it is signed by a wide variety of pharmaceutical companies across the US. Many of these companies develop artificial products to take the place of natural ones, and these artificial products have side effects that are often dangerous.

Thus the letter is ironic because it shows how thoroughly the industry has been taken over by groups that attempt to substitute artificial efforts for natural ones.

More:

Many of our colleagues from abroad ultimately become Americans, all to the great benefit of the United States. Indeed, a study found that in 2014, 52% of the 69,000 biomedical researchers in the United States were foreign-born.  The biopharma industry originated in America and is dominated by American companies. US companies employ tenfold more people than European companies.

Over the past decade, a total of $98.4 billion was invested in US emerging therapeutic companies through venture capital, follow-on public offerings and initial public offerings. US companies spent over $138 billion on upfront payments for in-licensing assets or acquiring global R&D-stage emerging companies. Larger US biopharma companies spent $161.7 billion over the past ten years on market-stage acquisitions. 

The United States has led the world in medicine production for decades, not only because of its ability to finance drug discovery, but also because, more than any other country, the United States represents opportunity regardless of borders, gender, race, sexual orientation or political cast. This has enabled our industry to attract the best talent, wherever it is found. This aspect of our industry is a core reason the United States has built its unique strength in biopharmaceuticals.

To conflate a political issue with an industrial stance attempts to buttress the industry by supporting it in ways not directly related to the goods it produces. We are being asked to endorse the industry based not on its products but on the people it employs and the amount of money it raises.

The letter continues by calling the industry a “natural treasure” and then claims that Trump has compromised it.  Colleagues on visas, it writes, are fearful and “uncertain of their status.” Scientists are canceling trips to the US. While immigrants to the US  are reluctant to travel at all.

This is because of a “ban ”that includes seven countries which “global employees” interpret as much more general. These employees, we are told, believe the underlying message is that “America is no longer welcoming of any immigrants, whatsoever.”

They fear being discredited because of their religion and fear deportation as well. They now have deep concerns that the professional freedoms that have “created an American powerhouse of medicine” are going to be reduced or removed.

America is thus in danger of losing control of one of its most important business sectors and will suffer harm to smaller companies and startups and slow the fight against disease.

America must remain “the world’s greatest engine of innovation, as well as the beacon of liberty it has been for more than 200 years.”

For us the letter reads more like a PR statement than a factual declaration of something that has gone wrong. This is an industry based entirely on a constitutional clause that reaffirms people cannot patent plants. If people could patent plants, the industry wouldn’t even exist. Instead people would just go down to South America and claim plants giving rise to natural cures.

As it is now, there are plenty of pharmaceutical companies in South America, especially in the Amazon. And indeed they are looking for plants. But they take these plants home and attempt to mimic their healthful affects artificially.

They could simply replant them and resell them. But they wouldn’t make nearly so much money.

The industry is huge, it’s true. But it is based on a constitutional anomaly rather than a necessity. As a result, it is always on the lookout for ways to generate additional positive PR. The letter is one more way to do this.

It is not so much a warning to Trump as a declaration of its own aggrandizement as a “natural treasure.” One can easily distrust the basic thrust of the letter and even its reason for being.

Conclusion: The letter restates just how valuable the industry is to the United States. As such it “doth protest too much.”

More stories:

‘The World Needs Globalization, It Needs Trade’

Republicans Reeling in Fed?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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Rigged Markets (Video)

By EconMatters


We discuss how the fundamentals don`t matter in a completely Rigged Market environment, Central Banks have basically given the blessing to Financial Markets “Cheat Like Hell”! If we are going to manipulate Financial Markets with Central Bank Policy it is hard to then turn around and tell Financial Market Participants to not manipulate assets.

This is why the entire market is divorced from the fundamentals, and Central Banks are to blame for the upcoming market crash when all the sudden the fundamentals of sound policies and financial principles matter again.

Cheating is usually off the charts at market tops, and one thing is for sure cheating and market manipulation is the highest I have since 2007 right before the crash. This stuff doesn`t happen by coincidence or accident in Financial Markets. We broke another bubble record Janet Yellen, maybe it is time to raise rates because the felons are running the prison right now, and very bad things always follow these set of circumstances for both the markets and the US Economy!

 

I have been looking at Stock Market Charts and Asset Market Charts for 15 years, and I can just look at the DOW JONES Chart and tell you that is a bubble market chart if I ever saw one Janet Yellen, you need to raise interest rates, along with your other Central Bank counterparts, or face the consequences because you were warned for the last 4 years about these market bubbles and you all ignored the warning signs.

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