Is the Zurich Alleged Global Super-Entity Real?

A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy.” Read more: http://www.dailymail.co.uk/sciencetech/article-2051008/Does-super-corporation-run- global-economy.html#ixzz1bVoruoPK

very bogus study has made its appearance from Zurich which is fueling the fire that could extinguish all human rights by either restoring fascism that will tolerate private ownership but controlled by government entirely or communism where government owns everything. This highly dangerous study is starting to gain press and too many people are beginning to cite it as some kind of authority that vindicates the rising class warfare that can lead to extinguishing our remaining human rights. We already live in a police state. Rumors from good sources claim that Mayor Bloomberg will crack down and use violence against the Occupy Wall Street protesters and police will use guns starting with rubber bullets. Bloomberg wants the protests ended. The performance of NYPD is a disgrace. Everyone has an ABSOLUTE right to protest even if we do not agree with the issue. http://www.youtube.com/watch?v=WmEHcOc0Sys&feature=player_embedded

This Zurich study is highly dangerous because it is the stuff of CONSPIRACY theories that are based upon FALSE presumptions of super-knowledge that borders on the clairvoyance and cooperation that does NOT exist. I know what goes on Behind the Curtain. I spent a lot of time in prison because I dared to object about organized market manipulations where the leader of the pack I believed was Goldman Sachs, who ended up running Princeton Economics by the decree of a court that handed everything to them. The regulators, SEC and CFTC, are in the pocket of the manipulators and are as corrupt as any third world dictator. They will fine the big banks a few hundred million to pretend they are doing something and of course the banks pay without going to trial so nothing is ever really proven. In reality, they are just bribes disguised as fines that go into the pocket of government – not alleged victims. So when I say this Zurich study is bogus, I do not speak with a bias in favor of the banks nor maintaining the status quo. I was actually invited to join the “Club” in manipulating markets. They feared Princeton Economics because (1) of our track record and solid credibility, (2) our institutional clients as well as governments, and (3) the fact they knew we were the largest and presumed our influence would be invaluable to them in assisting manipulation the markets.

When I wrote extensively about the silver manipulation that was so blatant, they tried to shut me up about their moving all the silver to London to create the image of a declining supply in the USA to ramp it up from $3.50 to $7 and then dump it on the average hard-money investor once again. They loves manipulating the precious metals because the goldbugs would support their manipulations as long as the price was rising. If I said it was a manipulation, the very victims would argue against me acting more like sheep eager for the slaughter. The “Club” used their links into the Wall Street Journal to try to tarnish our Reputation and defend their manipulation. That attempt to use the press against me, as they have recently tried again using Bloomberg News, was a fatal mistake. Once they tried to flip the silver manipulation claiming I was short and trying to manipulate the market down, regulators had no choice by to investigate once it became so public. They could easily see I had no such positions. The CFTC called me and asked; “Where was the manipulation?” I told them it was in London and it was outside their jurisdiction. They told me they could call London and I hung up. They did make that call to my surprise and the Bank of England summoned all silver brokers in the next morning. That night, Warren Buffett came out admitting he purchased $1 billion in silver in London and it was a long-term investment. This was far beyond the legal limit. Silver then fell and it went back to new lows.

So when I speak on this issue, I certainly am not biased in favor of the banks. Consequently, when I say such conspiracy theories are not credible, I am NOT speaking in the defense of the banks. My concern on this issue is that wild theories sometimes appear to be floated in an effort to then discredit any and ALL other criticism related to the same subject matter. There are certain banks that do very much control the mainstream press, executive branch of government, judicial branch, and many individuals who run for office among the legislative branch. NOTHING in mainstream press will EVER be allowed to make it to print that will report the truth about what is going on Behind the Curtain. So the fact that this story is getting space is already a concern when the mainstream press in New York is brought to you by your favorite banking manipulator.

Take that statement “banking manipulator” for example. To utter those words, the mainstream financial news like Bloomberg will attack you viciously as a conspiracy nut for trying to raise the subject

despite the track record of countless scandals involving the New York banks, yet NEVER will any be criminally prosecuted. However, to illustrate how biased the mainstream press is, you can draw the line at the Salomon Brothers scandal. This was the period of the famous 1987 novel, The Bonfire of the Vanities by Tom Wolfe. The story was inspired by the Salomon Brothers and is a drama about ambition, racism, social class, politics, and greed of New York City in the 1980s. The title is a reference to the historical Bonfire of the Vanities, which took place in Florence, Italy during 1497 when the city was controlled by the Dominican priest Girolamo Savonarola.

Bonfire of the Vanities refers to the burning of typically luxury objects that were said to inspire sin similar to why women must cover their faces in some religious right sects of Islam to prevent temptation. On February 7th, 1497, supporters of Savonarola collected and publicly burned thousands of

objects like cosmetics, art, and also books at the Mardi Gras festival in Florence. Such bonfires were not were a common accompaniment to the outdoor sermons during the first half of the 15th century. These

events inspired similar bonfires in Nazi Germany burning books that were deemed to be propaganda or immoral. Hence, such bonfires targeted objects that might tempt one to sin, which included vanity items such as mirrors, cosmetics, fine dresses, paintings, playing cards, and even musical instruments.

Like Giordano Bruno (1548–1600) who wrote about the decadence of Naples, Wolfe intentionally set out to write The Bonfire of the Vanities in the same spirit to capture the essence of New York City during the 1980s when trading emerged onto the stage for all to see following the Phibro purchase of Salomon Brothers in 1981. Wall Street in the 1980s exploded as commodity trading skill was then imported to Wall Street. The arrogance of the top bond traders was displayed by calling themselves "Big Swinging Dicks," which thus inspired The Bonfire of the Vanities. S&P500 futures did not begin to trade until 1985 and this was the period of exploding profits and the start of the take-over boom. The huge profits that were being made exposed the excesses of Wall Street fueling popular imagination of easy money and tremendous wealth that could be made overnight. With trading skills merging with Wall Street, the era captured the attention of many and helped inspire films like Oliver Stone's Wall Street and in non-fiction books like Liar's Poker, Den of Thieves, and Barbarians at the Gate. It was Michael Lewis' 1989 book, Liar's Poker that also exposed Salomon Brothers. Lewis went through Salomon's training program and then became a bond salesman at Salomon Brothers in London and thus possessed inside knowledge of the real atmosphere. Yet, despite this history, the mainstream press will NOT even discuss the truth and is doing nothing different that precisely what the banks got caught doing in 2003 – putting out bogus information to manipulate the public.

Despite this background, mainstream press will not expose the truth of the era. Mayor Bloomberg, founder or Bloomberg News, was a partner in Salomon Brothers. The fact that Salomon Brothers got caught red-handed manipulating the US Treasury auctions and Warren Buffett then came to rescue of the firm, stands as irrefutable evidence that market manipulations unquestionably DO IN FACT exist. But as long as this “Club” controls the courts, the SEC and CFTC along with mainstream press, you will never get the truth. The mainstream press in New York will viciously attack anyone who dares exposes the truth about the back allies in New York that give Wall Street a bad name. Is it any wonder why the New York Police beat-up people protesting against Wall Street even though they may not be 100% on point?

In 1991, US Treasury Deputy Assistant Secretary Mike Basham learned that Salomon trader Paul Mozer had been submitting false bids in an attempt to purchase more Treasury bonds than permitted by one buyer during the period between December 1990 and May 1991. Salomon was fined $290 million for this infraction, the largest fine ever levied on an investment bank up to that point in time. Warren Buffett stepped in to try to ward off a run on Salomon Brothers since he was a big shareholder. The firm was then sold to Travelers Group. The CEO Gutfreund left the company in August 1991 and the SEC fined him a $100,000. This scandal was then documented in the 1993 book Nightmare on Wall Street.

Because Travelers Group was culturally against volatile profits and losses resulting from proprietary trading, most of the controversial staff went to Goldman Sachs. What did remain of proprietary trading at Salomon Brothers was disbanded after they lost a $100 million in the merger of MCI Communications with British Telecom which never occurred. The name Salomon lived on through the merger of Travelers and Citigroup. Two of the more famous members of the Salomon Brothers' bond arbitrage department were John Meriwether and Myron Scholes. They later became a founder and a consultant for Long-Term Capital Management, a famous hedge fund that collapsed in 1998 on the Russian bonds manipulation collapse that required the Federal Reserve to bail them out to save the banks. However, it was the scandal of 2003 that finally killed the name Salomon entirely.

The 2003 scandal concerned a conflict of interest between the investment banking and analysis departments of ten of the largest investment firms in the United States. The New York Investment banks were putting out bogus research to get investors to take position in things they lied about. This is precisely when I was approached to join the “Club” because they wanted to use Princeton Economics’ influence to manipulate investors into buying shit. This array of schemes show a complete absence of any moral whatsoever, yet the US government will NEVER shut down this culture because it needs them to sell its own debt. The investment firms involved in the 2003 scandal settlement had all engaged in practices that had allowed their research analysts to be directed what to say by their investment

bankers. Then Salomon Smith Barney was in up to its neck and were alleged to be spinning "hot" IPO's while issuing fraudulent research reports. This is why the NY Investment bankers hated Princeton Economics for they could not control the research. When a private suit was filed in New York on behalf of private investors harmed by this fraud, the New York courts dismissed the action saying the investors should have known the reports were false. So once again, the court protected the banks, the SEC levied fines to make it look like the punished someone, and New York was protected once again at the expense of the entire world. The latest scandal follows the same pattern. There will be no class action suits allowed to be filed in New York, your Congressional committees will never investigate the close ties between the press, courts, SEC, CFTC, and Justice Department, and they will continue to be allowed to donate money as pretended fines that go directly in the pocket of government, not investors.

The mainstream press will defend New York and the corruption to the death. They will NEVER report the corruption that has seized control of the courts. They will criticize people who lose money and say it is their fault for being stupid to believe research reports put out by New York Investment Banking firms. The financial press is the worst of all. Even Michael Milken who was forced to plead guilty when the government threatened his 90 year-old grandfather, refuse to report the truth. ONLY the London Financial Times reported the coercion applied to prevent a trial there as well. The USA does not like trials. The will do whatever they can to prevent the truth from coming out. The press seems to think that the phase “free press” is the freedom to sell themselves to the highest bidder.

Consequently, this said, when I warn that a study of the nature that has appeared from Zurich is BOGUS, I am not defending the bankers. Such studies only further real conspiracy theories that distract people from seeing the real corruption. If someone kills his wife, but then they claim he killed his mother, in- laws, and children, and then his mother appears, the exaggerated false allegations produce the image that all of the allegations were bogus when in fact perhaps he did kill his wife. This is the danger presented by conspiracy theories that exaggerate the truth allowing what is real to be ignored. The government prosecutes on conspiracy ONLY because they do not have to prove you actually did something. CONSPIRACY is thinking about a crime, ATTEMPT is at least actually trying to commit the crime, and then you have COMMIT the crime. If you ever saw the movie Minority Report where psychics predict someone will commit a murder so he is arrested even before the CONSPIRACY stage. Government can imprison people for conspiracy, but we cannot allege conspiracy involving banks and government.

I have defended of the Free Markets and human rights against this corruption that is destroying the world economy. They have done everything possible to silence me with the aid of corrupt judges, press, and regulators. Quite frankly I came to understand the true meaning of Patrick Henry’s words: “Give me Liberty or Give me Death.” Those words to me mean it is far better to be dead than live in a world that is controlled by such wholesale corruption and denied human rights as defined by the English Bill of Rights in 1689. I also came to see firsthand that death is by no means the worst possible punishment. The worst is life imprisonment and to accomplish that it does not require bars. The paranoia state is what I saw when I went behind the Berlin Wall. You could not speak freely for fear someone would rat you out to the state. There was no purpose to life. You were a number. Death is preferable to me than to live in a world of such denial of liberty. Under such conditions, we are simply machines – food for the state not much different from the plot of the MATRIX series that was based upon machines that controlled the world and humans were kept in a dream state providing energy to the government. Take the RED PILL and you will wake up and see reality. The BLUE PILL and you will continue to enjoy the fake world that they created.

Some people do not like Sci-Fi. But it is not the actual factors that are interesting whether machines could ever run a world I seriously doubt is possible. As a programmer, I can make a computer that appears to be human. It will think in many ways far better than a human. I can even create the image of self-reservation. But it will never have a soul and thus true motive. However, that is not the message or the MATRIX, It is the same story of any dominant state that seeks to suppress the people. The MATRIX is a timely film about LIBERTY, twisted around a novel idea of a machine dominated world.

My concern about this Zurich study is if you follow the logic, there is a SUPER-ENTITY that must be destroyed and it should be replaced with the real giant version of a SUPER-ENTITY called government. I would rather live in the MATRIX where a SUPER-ENTITY only wanted my money rather than the latter that wants my soul.

The “Club” has always feared me because I have seen through them and value LIBERTY above all else. Every time a politician proposes a new rule, law, or regulation, every time he proposes some new agency, he takes LIBERTY from society. There is a delicate balance between total LIBERTY (anarchy) and the DENIAL OF LIBERTY (communism). It is the pendulum between these two extremes that swings back and forth dictating the type of government and LIBERTY we shall be permitted to live under.

I have warned about academics that have no experience for they lack the “feel” of the real economy you cannot obtain from just reading books. Like Europe, UNLESS you were a trader, you could not see that the academic model of creating the euro would fail. They did not understand that selling the individual bonds would still be the same as if the currency remained intact. Selling Greek euro bonds isolated Greece and provided the same result had the drachma still traded. Even my eyes were opened by our diverse clients having to solve problems and looking at the world through their eyes. Those attending our World Economic Conference will catch a glimpse of this since people flying in from just about every part of the global economy from Asia, Americas, Australia, Europe, and Middle East down to South Africa. By gathering people from around the world, you see so many different perspectives that you will NEVER see in a domestic seminar with a singular view. To gain real knowledge, it requires field-work, and that is the greatest benefit of our World Economic Conference.

Likewise, we cannot appreciate the real meaning of the words of the men behind the American Revolution without similar experience. That was an era when the political PUBLIC pendulum was at its extreme and they demand LIBERTY. Americans do not understand WAR, because they have never had tanks running down their streets or the daughters raped by troops. It is not a football game you watch of TV. Since America has been free of foreign troops since the War of 1812 when the British burned down Washington, DC, we have lost all sense of war except those families whose children have died in foreign battles. We have surrendered so many rights, we have betrayed everything generations have fought and died for. Thomas Jefferson’s words no longer have meaning to us: “When governments fear the people, there is LIBERTY. When people fear government, there is tyranny.” Our complacency has resulted in the loss of everything that made living worthwhile - FREEDOM.

The Purpose of this Event is to Bring Together Investors from round the World to Experience the Global Economy in a Synergy Like Never Before

The World Economic Conference is a unique event in the financial industry. Not only are the forecasts focused on the global perspective, but the audience is also international allowing a synergy to develop that encourages everyone to share ideas, concepts, and perspectives broadening your understanding of the events on an international scale. There has never been such a global focus with a robust international audience other than at the WEC that enables you to see the world through everyone else’s eyes. Only then will you understand the true magnitude of international capital flows.

Materials will be begin to be sent in advance 30 days prior to the event. Timely materials will be supplied at the conference and DVDs will be provided by mail after the event. Additionally, there will be an update service for 1 year covering any updates to the forecasts provided that day.

Cancelations are acceptable up to 30 days prior to the even. Thereafter materials will be supplied and DVDs as well as the update service. Refunds are not acceptable once materials are delivered.

Because we have not personally experienced the hardships of those who fought against the tyranny in the 17th and 18th centuries, we cannot see how many rights we have relinquished all in the name of

safety. We allow government employees to look at our children virtually naked to get on a plane. Because of 19 guys and a camel, we have handed our LIBERTY to government in the name of safety. No war or standing army could ever divest us of such LIBERTY. The Patriot Act has repealed the Bill of Rights and prosecutors masquerading as judges only support government and the corruption that dominates the political system. And now this Zurich study effectively advocates the destruction of all PRIVATE LIBERTY to get this factious SUPER-ENTITY equally as bad as the 19 guys and a camel. This sort of logic that we must surrender all rights to be safe, historically has been the tool of tyranny.

The study is DANGEROUS because it builds upon a PRESUMPTION that since there may be cross ownership, there is a giant plot to work as one group. This presumes there is also cooperation, shared goals, and someone has to lead such a group. These are unfounded presumptions. The “Club” I have fought against for 25 years is a LOOSE association. They are traders that pile up on the same trade. There are NO formal bylaws, nor is there even direct coordinated links between the top management of the entities making the agreement. You have to realize that such underhandedness comes with also the inherent distrust of one another. What if you begin to buy thinking you are part of the “Club” and find out that they are the one’s selling clandestinely to you behind the scenes? Suddenly, you are the patsy.

Our concept of LIBERTY no longer emanates from honor or virtue, for it is drowned-out by so much unequivocal ignorance of the nature of the economy. Capitalism is more than private ownership and the freedom to invest your capital; it is the FREEDOM to be what you want, to go to school and to dream of whatever profession you desire. Winston Churchill said: “The inherent vice of capitalism is the uneven division of blessings, while the inherent virtue of socialism is the equal division of misery.”

In order for a SUPER-ENTITY to exist of one mind and will, we would have to create an exception to everything we know about human nature. Can you imagine getting Republicans alone to agree among themselves no less with Democrats? There is no SUPER-ENTITY that is of some mythical single mind and will. Such an idea is impossible and illustrates the ignorance of those that conducted the study. Perhaps I should write a study on a woman’s anatomy because I have had sex in my life so that must qualify me for something. Those that conducted this study have NO concept of what is Behind the Curtain for they cannot write about what they have never seen.

Whenever people gather into a group, there emerges collective behavior. I have attended many board meetings of some of the top companies in the world from Europe to Asia. There is RARELY complete agreement if ever. Why do you think Steve Jobs was pushed out of Apple? As soon as a company goes public, in come the bureaucrats just as in government. The first thing they do is reduce efficiency, spontaneity, dreams of the future, and innovation goes out the door labeled as risk – all the qualities of someone who creates things. This is the real world of corporations. They push out those who create and the bureaucrats then takeover just as the Founder Fathers created the USA and the bureaucrats have turned it on its head. Soon the company has lost that spark that gave it life. They then have to BUY small companies to acquire innovation because they lack the risk taking skills and creativity. They are generally incapable or creating on their own because bureaucrats eliminate risk. In the case of Apple, they were forced to return to Steve Jobs. He was that spark of creativity. What was in his mind made Apple, not the bureaucrats! To think that such bureaucrats can even come up with an idea of world dominance by a SUPER-ENTITY composed of 147 companies to me there is just a higher probability that Machines will acquire a soul and enslave us all as in the MATRIX. It takes creativity to design such a scheme. Bureaucrats suppress society to maintain their power. They care nothing about a vision of the future. It is always immediate gratification.

These ideas of a SUPER-ENTITY are simply childish. This presumes that there is a collective body of creative people running these mega-corporations and that is just not the case. Why people feel it is so necessary to attribute beyond human capability to these types of organizations is unfathomable. My concern is that such wild theories distract us from the real enemy of LIBERTY – which is always bureaucratic government. There lies the desire to control the behavior of man and suppress it. I would gladly trade that threat for a SUPER-ENTITY that only desired money instead of my thoughts and freedom as bureaucrats desire to maintain their power and the status quo.

By distracting us from the real threats to our LIBERTY, we are being not merely lulled in to doing nothing to preserve our LIBERTY as Edmond Burke warned, but we are handing them a tool to seize all property and our LIBERTY while we cheer. I get emails from Marxists who hate the rich so much, they would

surrender ALL their rights and return to the good old days of East Berlin rather than see anyone with more than they have. I for one would pray to be relieved of this burden of life and as Socrates said when sentenced to death, he feared not, because it was either the migration of the soul where he would meet all his old friends, or it would be like a peaceful sleep not to be disturbed even by a dream. Either way, after traveling behind the Berlin Wall, I would sooner prefer death to a life of such misery ruled by bureaucrats that feel a need to control what you even think.

There is no SUPER-ENTITY. What truly exist are corrupt corporations paying bribes to government for favorable treatment. End lobbying, pay for all elections and then you will eliminate the influence that has corrupted society. Those who run for office (1) cannot use their own funds to retain that office or run for election, and (2) install one term only rule. Make politics once again an honorable position, not a profession. Do that and gut the regulators and courts and you will see the light of FREEDOM shine once again and return government to the people.

The basis of a democratic state is LIBERTY, said Aristotle (384-322BC). “Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties.” John Milton (1608-1674). LIBERTY vanishes not in the flash of a moment, “[i]t is seldom that liberty of any kind is lost all at once.” David Hume (1711-1776) It vanishes slowly little by little as we are experiencing right now.

We need NOT look at a mythical SUPER-ENTITY. It is FAR WORSE than that. If you just look at the enforcement actions by the US Government, it becomes very clear. They will imprison individuals for decades or life to pretend they are doing something. When it comes to the big banking institutions, the SEC prosecutes them civilly, NEVER any individuals. The Investment Banks all just pay a fine of a few hundred million that the SEC gets to keep, and there is NEVER a public hearing about anything. These are payments to the SEC to go away, which they happily take and then brag how they fined the banks. It is all a huge joke and then comes the next scandal and the same thing happens. Look at Madoff. He pled guilty preventing a trial, which the banks all claim they had no idea. What happened to the KNOW YOU CLIENT laws where banks MUST trace every penny and verify the money is not from a crime. We have about 240 employees. Madoff had less than a dozen with $60 billion. There was no business. When I did an interview with the NY Post that they never published, I was asked a question about the illegal trading in our accounts by Republic National Bank. I was asked – “Was Republic laundering money for the Russian Mafia and the Columbian drug cartel in your accounts as they were doing with Madoff?” I replied I had no idea. The journalist knew something about the banks and Madoff that has never been published. Do you really think Bloomberg News would report that if they knew the story?

It is not a SUPER-ENTITY that is the threat to our way of life. The banking PRIMARY DEALERS get to do as they please and the press protect them because government is addicted to debt. They will NEVER prosecute the bankers no matter what they do BECAUSE they need them to sell their debt. If Government was rendered unable to borrow, then how would politicians tell the people vote for them and you will get x, y, and z? This is the danger, not that some mythical SUPER-ENTITY exists that will dominate the economy. The consumer is the person in ultimate control. If the price is too high, they will not spend their money. The whole theory of MONOPOLIES is also seriously flawed, for they do not take

into account (1) the consumer and (2) the emergence of black markets to circumvent such attempts. They cannot show that any such monopoly actually existed to defeat the Business Cycle, since not the government, Federal Reserve, or Goldman Sachs can defeat this cyclical force. Don’t forget, Goldman also had to be bailed out.

Our danger is the REVERSE takeover of government that took place AFTER Salomon Brothers got caught manipulating the US Treasury Auctions. The Wall Street Journal reported August 19, 1991 (p A1) that “Collusion and price fixing in the $2.3 trillion Treasury securities market have been routine for more than a decade, according to traders and top Wall Street executives.” The London Financial Times wrote: http://www.ft.com/intl/cms/s/2/43b6f064-8c2c-11dd-8a4c-0000779fd18c.html#axzz1bX3Jraih

“On August 8, [1991] Buffett was informed of a potentially ruinous scandal at Salomon, in which Paul Mozer, who headed the government bond department, had secretly manipulated US Treasury bond auctions. Salomon – with $4bn of equity supporting $146bn of debt – faced possible indictment and sanctions from financial regulators that would almost certainly lead to a run on the bank. Buffett helped to orchestrate a change in management and agreed to take over as interim chairman to try to steer Salomon through the crisis”

We need not create SUPER-ENTITIES to distract us from the real threat. After Salomon Brothers was nearly destroyed by the scandal, Goldman Sachs I believe adopted a strategy to do a reverse takeover of government where more employees “alumni” infiltrated governments worldwide (1) to get business, and (2) to ensure that government would NEVER again go after a Wall Street firm. That strategy worked and today nobody is ever criminally charged for anything from a PRIMARY DEALER. Government now is so dependent upon debt; it dare not look at those who keep the game going. We have to create NEW regulatory agency FIRE everyone there now and start from scratch for they will retain the culture.

The whole idea of a SUPER- ENTITY is absurd. Look how quickly they turned on Lehman Brothers and Bear Stearns. There is no loyalty among the banks. They tolerate each other but if the opportunity arises, they will cheer the demise of a rival. I still find it curious that Spitzer demanded Greenberg be removed from AIG, when he was stopping AIG from issuing the CDS product that blew up the world economy, and then when Spitzer thought he ruled Wall Street, they took him down. These are the conspiracies within their power since the mortgage-backed securities bubble would NOT have had the juice it did BUT FOR the removal of Greenberg from AIG. Look NOT to SUPER-ENTITIES; just pay attention to the shenanigans going on in New York City that taint Wall Street with their back ally machinations. Until the world governments put pressure on Congress to clean up New York with trade sanctions or something else, nothing will change and our future will ever remain highly questionable.

Who is Martin A. Armstrong?

(Per Wikipedia)

Martin Armstrong (born November 1, 1949 in New Jersey) is the son of a lawyer and Lt. Col under General Patton in World War II. His full biography is on line.[1] In short, Martin was encouraged by his father to get involved in computers during the mid-1960s. He completed engineering both in hardware and software but he returned to the gold business that he had begun while in high school to earn money for a family trip to Europe in the summer of 1964. He continued to work on weekends through high school finding the real world exciting, for this was the beginning of the collapse of the gold standard. Silver was removed from U.S. coinage in 1965 and by 1968 gold began trading in bullion form in London. The gold standard collapsed entirely in the summer of 1971 when President Nixon closed the gold window. In 1975 it became legal in America, for the first time since 1933, to trade gold in bullion form. Armstrong began exploring financial panics after witnessing the Crash of 1966. He went on to develop timing models such as the “Economic Confidence Model” that have been the subject of many press articles[2] Armstrong’s discovery of this cycle was called The Secret Cycle by the New Yorker Magazine.[3]. This model had stunning accuracy: it pinpointed changes in the economy right to the day. In Time Magazine, Justin Fox wrote that Armstrong’s model “made several eerily on-the-mark calls using a formula based on the mathematical constant pi.” (Pg 30; Nov. 30, 2009).

Armstrong’s Princeton Economics International, Ltd. established offices in Paris, London, Tokyo, Hong Kong, and Sydney, Australia employing about 240 people around the world. In 1983, the Wall Street Journal cited Armstrong as it’s highest-paid advisor. He became one of the top currency analysts and his work was requested by the Presidential Task Force (Brady Commission) investigating the 1987 Crash. The firm rose to be perhaps the largest multinational corporate advisor in the world and by the 1997 Asian Currency Crisis Armstrong, invited by China, flew to Beijing to advise the Central Bank.

After discovering that staff at Republic National Bank were illegally trading in the company accounts, Armstrong through counsel threatened to file suit if the funds were not returned within one week. Instead, Republic went to the Commodity Futures Trading Commission and alleged that Armstrong had conspired with their own staff to hide trading losses from his clients in Japan. The allegation of a $1 billion fraud caused the government to rush in and admit in open court that they had filed charges solely based upon what Republic told them and had not bothered to contact any alleged clients in Japan. They admitted that Armstrong was not in default of any obligation to Japanese investors. When it became clear that the accounts were simply unsecured borrowings of Japanese yen, mostly at fixed rates of interest, and outright purchases of Japanese portfolios from public corportions and were NOT solicitations for managed accounts. Armstrong was thrown in contempt of court for an allegedly missing $1.3 million out of $3 billion. When friends offered to put the entire sum of money up for bail, the court denied bail at any price at the direction of a receiver, Alan Cohen of Goldman Sachs and Tancred Schiavoni of O’Melveny & Myers. They kept Armstrong in prison for more than seven years denying him a trial, a right to a lawyer and freezing all funds. They claimed the contempt was “civil,” not criminal and thus there were no rights normally afforded criminal defendants.

Ultimately, Republic National Bank pled guilty and all its directors received absolute immunity provided they return $606 million. Despite the fact that the deal was that all alleged victims be made whole, Cohen and Schiavoni refused to allow Armstrong to be released and he was held for another 5 years in prison on contempt of court. Armstrong was only released after the Supreme Court ordered the government to respond to a petition, which replied that the contempt had been vacated. Armstrong was held in contempt of court for nearly 7.5 years. The government agreed to drop all the charges except for a conspiracy count, telling Armstrong that if he pled, he could argue for time served. When he took the deal, the government then argued that the court had no power to provide such a credit and refused to release him once again. Armstrong is still on appeal in Washington, DC and the case will no doubt go to the Supreme Court. After spending more than 7 years in prison on contempt of court, Judge Keenan ruled Armstrong owed no restitution whatsoever.

[1] http://www.martinarmstrong.org/files/Martin%20Armstrong%20Biography%20May%202011.pdf

[2] http://en.wikipedia.org/wiki/Economic_confidence_model

[3] http://www.newyorker.com/reporting/2009/10/12/091012fa_fact_paumgarten

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