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As I started writing this thread, the following article confirming my fears was JUST released in Germany. You will have to do some serious digging in Europe to find it since we are severely censored here, and do not use Google. Germany and France are nationalizing all of Europe's pension funds.
ALL WAGES, PENSIONS, WELFARE AND TAXES IN EUROZONE TO BE CONTROLLED BY NEW, UNELECTED BODY: EUROPE TO BECOME PLANNED ECONOMY LIKE CHINA
If you read this post without taking action I can guarantee you will regret it. It may in fact be too late for some of you that have your money in funds that have extensive "lock up" periods. I've been warning my loved ones for over 6 months to take their money out or they would never see it again. I wasn't sure when it would happen or how it would happen, but I see the scam being implemented as we speak. Trust me when I say this. In my 17 years in this god forsaken business, I have only opened my mouth ONCE to give me investment advice. That was in Dec 2007. I was so afraid to say anything for fear I could be wrong, and cause everyone to miss out on a rally. I was right. This time I know I'm right. They are coming for our pension funds in one of the following ways:
1) A Cyper Attack on our bank/trading accounts
2) A Municipal Bond and Pension Bailout
3) A Municipal Bond and Pension BANKRUPTCY
3) Another Housing/Bank Bailout or "TARP 2"
Cyber Attack
I have a friend that is a journalist. She tried to warn everyone about Madoff 8 years before it happened with a front page article in WSJ/Barrons. Nobody listened. Her sources have been telling her to look into the "Flash Crash" that happened a year ago. She tried but it was so incredibly complicated that she just couldn't uncover what the actual cause was. Traders chalked it up to a "perfect storm" of circumstances. I think it was a test. Check this out:
Report: Hackers Penetrated Nasdaq Computer Network
Feb 5, 2011 - 9:15 AM
Text Size
NEW YORK - The computer network that runs the Nasdaq Stock Market has been penetrated by hackers multiple times during the past year, according to a newspaper report.
The Wall Street Journal reported on its website late Friday that federal investigators are trying to identify the perpetrators and their motive.
People familiar with the investigation say the exchange's trading platform, the system which executes trades, was not compromised, according to the report.
A person involved in the Nasdaq investigation told the newspaper that so far the perpetrators "appear to have just been looking around."
Nasdaq officials declined to comment.
Possible motives include financial gain, theft of trade secrets or a national security threat designed to damage the exchange, the newspaper said.
The Secret Service initiated the probe involving New York-based Nasdaq OMX Group Inc. last year. The FBI is also investigating the breach and White House officials have been informed.
Investigators have not yet been able to track the cyber break-ins to any specific individual or country, but people with knowledge of the case told the newspaper some evidence points to Russia. However, they point out that hackers could be just using Russia as a conduit.
In 1999, a group of hackers calling itself "United Loan Gunmen" infiltrated the computer that runs the websites for Nasdaq and the American Stock Exchange.
The hackers left a taunting message and also claimed to have briefly created for itself an e-mail account on Nasdaq's computer system, suggesting a broader breach in security. But at the time, Nasdaq officials said there was no evidence they manipulated financial data.
Internet 'Kill Switch' Legislation Back in Play
By David Kravets January 28, 2011 | 6:09 pm | Categories: Cyber Warfare, Cybersecurity
Legislation granting the president internet-killing powers is to be re-introduced soon to a Senate committee, the proposal's chief sponsor told Wired.com on Friday.
The resurgence of the so-called "kill switch" legislation came the same day Egyptians faced an internet blackout designed to counter massive demonstrations in that country.
The bill, which has bipartisan support, is being floated by Sen. Susan Collins, the Republican ranking member on the Homeland Security and Governmental Affairs Committee. The proposed legislation, which Collins said would not give the president the same power Egypt's Hosni Mubarak is exercising to quell dissent, sailed through the Homeland Security Committee in December but expired with the new Congress weeks later.
The bill is designed to protect against "significant" cyber threats before they cause damage, Collins said.
"My legislation would provide a mechanism for the government to work with the private sector in the event of a true cyber emergency," Collins said in an e-mail Friday. "It would give our nation the best tools available to swiftly respond to a significant threat."
The timing of when the legislation would be re-introduced was not immediately clear, as kinks to it are being worked out.
An aide to the Homeland Security committee described the bill as one that does not mandate the shuttering of the entire internet. Instead, it would authorize the president to demand turning off access to so-called "critical infrastructure" where necessary.
An example, the aide said, would require infrastructure connected to "the system that controls the floodgates to the Hoover dam" to cut its connection to the net if the government detected an imminent cyber attack.
What's unclear, however, is how the government would have any idea when a cyber attack was imminent or why the operator wouldn't shutter itself if it detected a looming attack.
About two dozen groups, including the American Civil Liberties Union, the American Library Association, Electronic Frontier Foundation and Center for Democracy & Technology, were skeptical enough to file an open letter opposing the idea. They are concerned that the measure, if it became law, might be used to censor the internet.
"It is imperative that cyber-security legislation not erode our rights," (.pdf) the groups wrote last year to Congress.
A congressional white paper (.pdf) on the measure said the proposal prohibits the government from targeting websites for censorship "based solely on activities protected by the First Amendment of the United States Constitution."
Oddly, that's exactly the same language in the Patriot Act used to test whether the government can wiretap or investigate a person based on their political beliefs or statements.
Municipal Bond and Pension Bailout
Meredith Whitney became my hero last month when she went on 60 minutes and spoke about the imminent municipal bond failures coming our way. She was right about the housing bubble, but nobody listened. I can't say people aren't listening to her this time. Quiet the contrary. People are so enraged, they are not only bashing her publicly, they may now subpoena her siting that her 60 min appearance triggered a massive sell of in municipal bonds.
To be continued………...
ALL WAGES, PENSIONS, WELFARE AND TAXES IN EUROZONE TO BE CONTROLLED BY NEW, UNELECTED BODY: EUROPE TO BECOME PLANNED ECONOMY LIKE CHINA
If you read this post without taking action I can guarantee you will regret it. It may in fact be too late for some of you that have your money in funds that have extensive "lock up" periods. I've been warning my loved ones for over 6 months to take their money out or they would never see it again. I wasn't sure when it would happen or how it would happen, but I see the scam being implemented as we speak. Trust me when I say this. In my 17 years in this god forsaken business, I have only opened my mouth ONCE to give me investment advice. That was in Dec 2007. I was so afraid to say anything for fear I could be wrong, and cause everyone to miss out on a rally. I was right. This time I know I'm right. They are coming for our pension funds in one of the following ways:
1) A Cyper Attack on our bank/trading accounts
2) A Municipal Bond and Pension Bailout
3) A Municipal Bond and Pension BANKRUPTCY
3) Another Housing/Bank Bailout or "TARP 2"
Cyber Attack
I have a friend that is a journalist. She tried to warn everyone about Madoff 8 years before it happened with a front page article in WSJ/Barrons. Nobody listened. Her sources have been telling her to look into the "Flash Crash" that happened a year ago. She tried but it was so incredibly complicated that she just couldn't uncover what the actual cause was. Traders chalked it up to a "perfect storm" of circumstances. I think it was a test. Check this out:
Report: Hackers Penetrated Nasdaq Computer Network
Feb 5, 2011 - 9:15 AM
Text Size
NEW YORK - The computer network that runs the Nasdaq Stock Market has been penetrated by hackers multiple times during the past year, according to a newspaper report.
The Wall Street Journal reported on its website late Friday that federal investigators are trying to identify the perpetrators and their motive.
People familiar with the investigation say the exchange's trading platform, the system which executes trades, was not compromised, according to the report.
A person involved in the Nasdaq investigation told the newspaper that so far the perpetrators "appear to have just been looking around."
Nasdaq officials declined to comment.
Possible motives include financial gain, theft of trade secrets or a national security threat designed to damage the exchange, the newspaper said.
The Secret Service initiated the probe involving New York-based Nasdaq OMX Group Inc. last year. The FBI is also investigating the breach and White House officials have been informed.
Investigators have not yet been able to track the cyber break-ins to any specific individual or country, but people with knowledge of the case told the newspaper some evidence points to Russia. However, they point out that hackers could be just using Russia as a conduit.
In 1999, a group of hackers calling itself "United Loan Gunmen" infiltrated the computer that runs the websites for Nasdaq and the American Stock Exchange.
The hackers left a taunting message and also claimed to have briefly created for itself an e-mail account on Nasdaq's computer system, suggesting a broader breach in security. But at the time, Nasdaq officials said there was no evidence they manipulated financial data.
Internet 'Kill Switch' Legislation Back in Play
By David Kravets January 28, 2011 | 6:09 pm | Categories: Cyber Warfare, Cybersecurity
Legislation granting the president internet-killing powers is to be re-introduced soon to a Senate committee, the proposal's chief sponsor told Wired.com on Friday.
The resurgence of the so-called "kill switch" legislation came the same day Egyptians faced an internet blackout designed to counter massive demonstrations in that country.
The bill, which has bipartisan support, is being floated by Sen. Susan Collins, the Republican ranking member on the Homeland Security and Governmental Affairs Committee. The proposed legislation, which Collins said would not give the president the same power Egypt's Hosni Mubarak is exercising to quell dissent, sailed through the Homeland Security Committee in December but expired with the new Congress weeks later.
The bill is designed to protect against "significant" cyber threats before they cause damage, Collins said.
"My legislation would provide a mechanism for the government to work with the private sector in the event of a true cyber emergency," Collins said in an e-mail Friday. "It would give our nation the best tools available to swiftly respond to a significant threat."
The timing of when the legislation would be re-introduced was not immediately clear, as kinks to it are being worked out.
An aide to the Homeland Security committee described the bill as one that does not mandate the shuttering of the entire internet. Instead, it would authorize the president to demand turning off access to so-called "critical infrastructure" where necessary.
An example, the aide said, would require infrastructure connected to "the system that controls the floodgates to the Hoover dam" to cut its connection to the net if the government detected an imminent cyber attack.
What's unclear, however, is how the government would have any idea when a cyber attack was imminent or why the operator wouldn't shutter itself if it detected a looming attack.
About two dozen groups, including the American Civil Liberties Union, the American Library Association, Electronic Frontier Foundation and Center for Democracy & Technology, were skeptical enough to file an open letter opposing the idea. They are concerned that the measure, if it became law, might be used to censor the internet.
"It is imperative that cyber-security legislation not erode our rights," (.pdf) the groups wrote last year to Congress.
A congressional white paper (.pdf) on the measure said the proposal prohibits the government from targeting websites for censorship "based solely on activities protected by the First Amendment of the United States Constitution."
Oddly, that's exactly the same language in the Patriot Act used to test whether the government can wiretap or investigate a person based on their political beliefs or statements.
Municipal Bond and Pension Bailout
Meredith Whitney became my hero last month when she went on 60 minutes and spoke about the imminent municipal bond failures coming our way. She was right about the housing bubble, but nobody listened. I can't say people aren't listening to her this time. Quiet the contrary. People are so enraged, they are not only bashing her publicly, they may now subpoena her siting that her 60 min appearance triggered a massive sell of in municipal bonds.
To be continued………...
