IMF Chief Urges US Congress To Ratify IMF Reforms

Posted by: : Paul EbelingPosted on: March 26, 2014 IMF Chief Urges US Congress To Ratify IMF Reforms IMF Chief Urges US Congress To Ratify IMF Reforms The International Monetary Fund (IMF) Managing Director Christine Lagarde Tuesday urged the US  Congress to support the much delayed IMF quota and governance reform package which would boost the global institution’s resources and give emerging economies a bigger say. The IMF has been an “international 1st responder” in global economy, “but to meet tomorrow’s challenges, the IMF needs to adapt,” Ms. Lagarde said in an op-ed in the WS-J. “A large majority of the member countries have approved reforms to strengthen the resources and governance of the IMF. These reforms await approval of the US Congress. The IMF’s continued ability to fight economic and financial crises rests on its approval,” she added. “The IMF reforms come at no additional cost or risk to the American taxpayer. Money that Congress already appropriated five years ago will simply be transferred from a temporary fund at the IMF into its permanent resources,” said Ms. Lagarde. The US quota contribution to the 188-member IMF is set to increase by US$ 63-B. The Obama administration has pushed the Congress several times to approve a shift of US$ 63-B from an IMF crisis fund to its general lending fund to give a “Green Light” to the reform package, but efforts stalled in the Congress due to political dispute. The IMF’s Board of Governors approved the quota and governance reform package in December 2010. The plan included a doubling of IMF quotas and a shift in quotas to dynamic emerging markets and under-represented countries, and a proposed amendment to reform the executive board that would facilitate a move to a more representative and all-elected 24-member board. If the reform package is implemented, 4 large emerging economies, namely China, India, Russia and Brazil, will all become Top 10 shareholders of the Washington-based global lender. IMF figures show, as of 24 March, 143 members having 76.22% of total voting power had accepted the proposed amendment on reform of the executive board, falling short of the 85% threshold. Meanwhile, 158 members having 78.71% of total quota had consented the changes in quotas, reaching the 70% minimum required. But the entry into force of the proposed amendment to reform the executive board is a prerequisite for the quota changes to take effect. The United States currently holds 16.75% of the IMF voting shares, which gives it the veto power to the reform package. US lawmakers have been wrangling over ratification of the IMF reforms recently. Democrats in the Senate wanted to add the IMF reform measure into a Ukraine aid bill, while House Republicans refused to link assistance to Ukraine with the IMF provision. Source:  http://www.livetradingnews.com/imf-chief-urges-us-congress-to-ratify-imf-reforms-38695.htm#.UzM-pIVmPal

Continue Reading No Comments

Flight 370 The CIA Hoax: Gordon Duff

The file photo shows the search operation for the missing Malaysian plane
The file photo shows the search operation for the missing Malaysian plane
Tue Mar 25, 2014 4:20AM GMT
By Gordon Duff
Today we are told that the fate of Flight 370 is known, not yet identified debris has been spotted in what is called “the Southern Indian Ocean,” perhaps more appropriately described as “north of Antarctica.” We also know that the 777/200 is a “fly by wire” aircraft with controls in place that allow the CIA to remotely pilot the plan “in case of emergency.”  We were able to verify the design and implementation of this system through Boeing, Raytheon and commercial pilots. “BAD NEWS” The descriptions today in the New York Times and other publications are purposefully inaccurate and contradictory.  Their explanations of how commercial aircraft communicate and are tracked are fanciful at best, at worst “criminal.” CIA CONTROLS COMMERCIAL AIRCRAFT When Malaysian Airlines Flight 370 was reported as having crashed in the South China Sea, a massive cover up began yet no one will speak of it, nothing is written of it and its broad consequences are a subject of no investigation. While people around the world were told the plane was “lost” or “crashed,” it was being monitored by NORAD (North American Aerospace Defense Command) and its regional defense partners through secret systems installed in the plane. In 2006, Boeing announced the following, from a John Croft article in Flight Global:
Boeing last week received a US patent for a system that, once activated, removes all controls from pilots to automatically return a commercial airliner to a predetermined landing location. The “uninterruptible” autopilot would be activated – either by pilots, by onboard sensors or even remotely via radio or satellite links by government agencies like the Central Intelligence Agency, if terrorists attempt to gain control of a flight deck. Boeing says: “We are constantly studying ways we can enhance the safety, security and efficiency of the world’s airline fleet.”
Similarly, Raytheon Corporation was awarded a contract by the Federal Aviation Administration 8 years ago to implement an “Advanced Route Evaluation System” (ARES) to work in concert with the system operated by the Central Intelligence Agency. In addition, the technical staff at Rolls Royce, a fact also reported in the Wall Street Journal, continually monitored the plane’s flight. Hundreds of people knew exactly where the plane was, how every system was working, what had been “turned off” not only when but where and exactly where the plane is now.  Every word told the press, has been a lie. Every word told by the mainstream media has been a lie. THE “FLYING DUTCHMAN” AIRLINER Now everyone knows that the plane continued flying for hours.  This is where the cover up becomes problematic; you see everything about the plane was known, position, conditions of the engines, oxygen levels in the cockpit and passenger compartment, this and much more. Even if the plane couldn’t be remotely piloted, its systems under “uninterruptable” control, a term coined by Boeing itself, the 777/200’s supposed “Flying Dutchman” journey to the South Pole is more than implausible. The CIA along with Joint military commands set up during the Global War on Terror, tracked Flight 370, monitoring it continually, monitoring the murder of its passengers, monitoring its landing, monitoring its refueling and know exactly where it is. If the plane really went down “off Antarctica,” they then monitored and “allowed” that. ROLLS ROYCE SILENCE In Britain, technicians for Rolls Royce monitored the plane as well, reporting its position to the British government every minute it was in the air.  Those technicians have been silent, the British government has never been asked, and no one has been asked. As the largest “Where’s Waldo” hunt in history goes on, now pulling in data from weather satellites and fleets of anti-submarine warfare planes unleashed upon the Indian Ocean, the entire thing is an “act,” a would-be comical farce. Flight 370 is a Boeing 777/200, one of the most automated planes in the world.  We will be outlining some of the specifics that make this theft or hijacking or alien abduction or whatever the mainstream media chooses to call it not just improbable but government sponsored terrorism. 9/11 ALL OVER AGAIN This isn’t the first time something like this has happened.  When four airliners “disappeared” on 9/11 much of what we are seeing today occurred then, but with far less technology being denied and suppressed. According to Dr’s James Fetzer and Dean Hartwell, planes involved in 9/11 were still flying elsewhere after being listed as having crashed or never took off in the first place.  These reports, though backed by verifiable data, were considered wild and suppositional by most but, in light of the Flight 370 debacle, deserve to be reconsidered. Yes, planes can fly for hours after having crashed and, “yes,” authorities will lie about, not just the location of planes but show a frightening indifference when it comes to the now obviously pre-planned “disappearance” of passengers. TRACKING 370 There are a number of devices on commercial aircraft embedded in such a way as to prevent disabling while in flight.  You will never hear about where they are, what frequencies they broadcast on or how they work. They are there.  There are highly classified and they were on Flight 370, being continually monitored by military and security forces tasked specifically with preventing commercial aircraft from being used as weapons. We all remember the testimony at the 9/11 Commission hearings.  Condoleezza Rice, General Myers, Rumsfeld and Cheney, none of them had ever heard of the possibility of planes used as weapons no matter how many memos they had sent or received contradicting their testimony. Similarly, days, even weeks later, one of the great “disappearing tricks” of all time,  and the American military not only monitored every mile travelled but knew exactly when and where the passengers were killed.  Part of the admitted “redirection” of Flight 370 included 45 minutes at 45,000 feet. There is a procedure taking exactly that long at that altitude for depressurizing the cabin, using up existing oxygen supplies and killing passengers. We received this from a Boeing 777 pilot with a major airline.  From an article in New Eastern Outlook (Russia):
“Just a quick update with what I know about the Malaysia 777 disappearance.  The Boeing 777 is the airplane that I fly.  It is a great, safe airplane to fly.  It has, for the most part, triple redundancy in most of its systems, so if one complete system breaks (not just parts of a system), there are usually 2 more to carry the load.  It’s also designed to be easy to employ so 3rd world pilots can successfully fly it.  Sometimes, even that doesn’t work… There’s many ways to fly the 777 and there are safety layers and redundancies built into the airplane now to Malaysia.  There are so many communication systems on the airplane:  3 VHF radios, 2 SatCom systems,  2 HF radio systems, plus Transponders and active, ‘real time’ monitoring through CPDLC (Controller to Pilot Data Link Clearance) and ADS B(Air Data Service) through the SatCom systems and ACARS (Aircraft Communications Addressing and Reporting System) thru the VHF, HF and SatCom systems.  The air traffic controllers can tell where we are, speed, altitude, etc. as well as what our computers and flight guidance system has set into our control panels.  Big Brother for sure!  However, most of these things can be turned off. But, there are a few systems that can’t be turned off and one is the engine monitoring systems.  The Malaysia airplane, like our 777-200’s, uses Rolls Royce Trent Engines (as a piece of trivia….Rolls Royce names their motors after rivers….because they always keep on running!)  Rolls Royce leases these motors to us and they monitor them all the time they are running. In fact, a few years back, one of our 777’s developed a slow oil leak due and partial equipment failure.  It wasn’t bad enough to set off the airplane’s alerting system, but RR was looking at it on their computers.  They are in England, they contact our dispatch in (REDACTED), Dispatch sends a message to the crew via SatCom in the North Pacific, telling them that RR wants them to closely monitor oil pressure and temp on the left engine. The crew did all of that and landed uneventfully, but after landing and during the taxi in, the left engine shut itself down using it’s redundant, computerized operating system that has a logic tree that will not allow it to be shut down if the airplane is in the air…only on the ground.  Pretty good tech.   Anyway, the point was that RR monitors those engines 100% of the time they are operating.  And don’t EVER get in an Airbus!!”
CONSPIRACY What do we know for sure?  We know the plane was tracked continually.  We know classified systems were on board that could reroute and land the plane no matter what any hijacker could have done. We know the passengers could be killed easily using control systems that should not be available to crew or hijackers but, for some reason, are a major “hole” in the security of an aircraft that has multiple redundancy systems for other “mishaps.” We know the media has never addressed simple technical issues that a simple “fact check” on Google could have rectified.  Did they lie on purpose? Did someone tell them to lie? Sources claim the plane landed on Diego Garcia, was refueled, dead passengers “disembarked” and was moved elsewhere? Is this a better explanation than flying to the South Pole hidden from the world through multiple simultaneous failures of safety, communications, counter-hijacking and autopilot systems? What we are certain of is that in light of today’s announcement, a series of seemingly plausible rationales for what we really know to have been utterly impossible are being concocted. This effort is what is now called “reporting HRB/HRB
Gordon Duff is a Marine Vietnam veteran, a combat infantryman, and Senior Editor at Veterans Today. His career has included extensive experience in international banking along with such diverse areas as consulting on counter insurgency, defense technologies or acting as diplomatic representative for UN humanitarian and economic development efforts. Gordon Duff has traveled to over 80 nations. His articles are published around the world and translated into a number of languages. He is regularly on TV and radio, a popular and sometimes controversial guest. More Press TV articles by Gordon Duff

Continue Reading 1 Comment

Obama Just Opened the Door for Snowden’s Immunity

Obama’s overhaul of the NSA spying rules proves it

By Michael Maiello on March 25, 2014
Ryan Ilano/Esquire
Today, Charlie Savage at The New York Times reports that the Obama administration will propose the end of the NSA’s bulk data collection program, replacing it with a more targeted, more thoroughly court supervised alternative. It is an imperfect solution for those who suspect that the FISA court is too eager to grant such requests but Marc Rotenberg, executive director of the Electronic Privacy Information Center, told the paper that this was “a sensible outcome.” As we are a good way through Obama’s second term as president, I think it’s more than fair to say that we would not be here, at the cusp of sensibility, without the actions of Edward J. Snowden, the former NSA contractor who now lives in Russia under the protection of Vladimir Putin. Snowden took and released an uncounted number of sensitive documents from his employers and is responsible for disclosing the breadth and scope of the NSA’s global telecommunications surveillance program. Had the details of this program remained rumor and whisper as they were for the bulk of Obama’s tenure, it’s a fair bet that nothing would be changing now. This is the very essence of whistleblowing. Snowden brought information to the public so that the public could reasonably demand changes from its leaders. Obama was seemingly happy to ignore the surveillance issue until forced, much as he was seemingly happy to hold an ambiguous view on same sex marriage until public opinion made vagaries impossible. The knock on Snowden’s whistleblowing is that he revealed details of the government’s legal activities. The Times makes clear that this is a problematic claim, at best:
“It was part of the secret surveillance program that President George W. Bush unilaterally put in place after the terrorist attacks of Sept. 11, 2001, outside of any legal framework or court oversight.In 2006, as part of a broader Bush administration effort to put its programs on a firmer legal footing, the Justice Department persuaded the surveillance court to begin authorizing the program.”
So far as legality goes you have the Bush administration grabbing power by using the broadest possible interpretation of one part of a massive post-crisis law and then persuading a secret court that acts with little public oversight to bless it. Then Obama just went along with the momentum. The legality here is hardly as thoroughly debated as say, the separation of church and state or Obamacare. Late last year there was some talk that Snowden could be granted amnesty in exchange for returning whatever other documents were in his possession and cooperating to help the government’s security agencies not fall prey to other employees and contractors. This was shot down by the White House. Spokesman Jay Carney insisted: “Mr. Snowden has been accused of leaking classified information and he faces felony charges here in the United States. He should be returned to the United States as soon as possible, where he will be accorded full due process in our system.” But all crimes have a context. It might be convenient for the criminal to claim they were acting in the public’s interest and it might be rare but Obama’s proposal is clearly an admission that Snowden broke the law to identify government activities that should, at the very least, be radically changed. Obama has a lot of options here. The smart choice is to offer Snowden immunity in exchange for his future cooperation. If the intelligence services are going to continue to outsource classified functions, then Snowden has a lot to offer in terms of protecting legal and necessary secrets. Another is a blanket pardon. Less good but still acceptable is an agreement to commute whatever sentences Snowden receives, should he agree to stand trial. When the government operates in secret, there is little hope for change. The public can have no opinion about what it doesn’t know. Obama’s proposal is an admission that Snowden was right. It doesn’t make sense to insist that the citizen who prodded his recalcitrant government into action should be punished. Source:  http://www.esquire.com/blogs/politics/snowden-obama

Continue Reading No Comments

FACT CHECK #111

Greetings….. Another update from the top. This is not the news we wanted to hear, but do not lose hope. This week didn’t turn out as we had hoped. Please read and know that I will do my best to get additional details when possible. Thank you! WHA ==================================================== Information Update, REALITY based to help the Dinarian, Dong and other Currency gamblers. FACTUAL position. There is now NO movement this week for the Reno Teams, and non likely. Frustration is the reality of the day and week. All are hanging in limbo. The HK deal seems to have rerouted to Lapland to see if Santas loaded. Contrary to all the hopes and efforts, last weeks erotic testosterone surge fast became a “Floppy”. The PP’s wait on DC, who seem now more interested in Global posing and yet more Family Freebies on Air Force One while America disintegrates. Everyone is beyond frustrated. DC is focused ever more on filling their own pockets fast while emptying yours. There seems to be no one home in the Settlement process. Another weeks gone, more broken promises, more false dawns. Yet they can still fly to The Hague grandstanding and posing. Putin has had a week of healthy exercise laughing his socks off at these Clowns, while signing up major new Oil and Gas deals with China and India, plus a major new order for 100 Fighters from India. He can’t believe his luck, that the US puts such complete Muppets on Point Duty to front for America. Oh and Yes, he also took Crimea, that will do nicely thanks. BRICS gave him full support, and he has now routed the US in Asia. The US just lost the 2 largest emerging economies, and South America soon will allow Russian bases. Beyond their growing Sub Fleets, hugely successful Foreign Policies, and smart Diplomats. America can counter that. Sure, hire Russians! Can these clueless clowns do anything right? How long will this Dog and Pony Show continue? Who has a clue, and who cares about you? They work for YOU. When will they start? A farce you couldn’t write. Only in America, the concept of Superman conceived in Palookerville! Don’t Cry for Me Argentina,  America needs the tears more. There are so many good and great Americans. Why is this allowed to continue? Where is that great spirit and pride? It needs the Truckers, Vets and Bikers back. Tar and Feathers mount up. Put up. Where are the Leaders not the Losers? TAKE BACK AMERICA! Source:  http://whitehatauxiliaries.wordpress.com/2014/03/26/fact-check-111/

Continue Reading No Comments

Obama In Shock After US Oil Giant Sides With Putin; Declares “No Ukraine War”

A stunning report prepared by the Ministry of Foreign Affairs (MoFA) outlining the agenda of Foreign Minister Sergey Lavrov for his meeting today with US Secretary of State John Kerry at the Hague Nuclear Security Summit reveals that President Obama is still in “shock” after being ordered by the Chairman, President, and CEO of Exxon Mobil Corporation, Rex Tillerson, to allow Russia’s annexation of Crimea or face “immediate domestic political annihilation.” According to this report, Tillerson is the head of this giant American multinational oil and gas corporation, headquartered in Irving, Texas, that is a direct descendant of John D. Rockefeller’s Standard Oil Company and is the world’s third largest company by revenue. Important to note, this report continues, is that Exxon Mobil has long charted a course separate from that of the United States government as evidenced by Tillerson’s predecessor, former CEO Lee Raymond, once stating, “I’m not a U.S. company, and I don’t make decisions based on what’s good for the U.S.” Tillerson, this report further notes, has in many ways merged Exxon Mobil with Russian energy giant Rosneft. Not only are they exploring for oil together in the Arctic as part of a $500 billion joint venture formed in 2011, these two companies are planning to frack shale fields in Siberia, drill a well in the Black Sea, and start construction on a natural gas export terminal in eastern Russia. Exxon Mobil has such a good relationship with Russia, this report says, that last summer (2013) Putin awarded Tillerson the Order of Friendship during an economic forum in St. Petersburg. As to Tillerson’s actions in averting a war over Ukraine, this report says, was his ordering Obama to abandon all support for Japan’s claim to the resource-rich Sea of Okhotsk before the United Nations Commission on the Limits of the Continental Shelf (CLCS) in order to prevent an all-out Russian invasion. Obama immediately obeyed Tillerson’s demand, this report continues, and on 15 March, after all US objections were dropped, the UN awarded the Sea of Okhotsk to Russia thus opening the way for massive oil and gas exploration on this continental shelf of which both Exxon Mobil and Rosneft will be the beneficiaries of. This report also notes that Tillerson further ordered Obama to immediately allow Russia’s annexation of Crimea as both Exxon Mobil and Rosneft are currently investing billons to recover the over 1.25 trillion cubic meters of conventional gas recently discovered in the Black Sea, and which many of the world’s energy giants are now, also, rushing deep-water drilling rigs to the area to recover too. With Crimea now being brought back into Russia, this report continues, the formerly Ukrainian state-owned Chornomornaftogaz oil and gas company, located in Simferopol (capitol of Crimea), which stands to make billions from the Black Sea gas bonanza, can now be nationalized and sold to Exxon Mobil and Rosneft as opposed to being “looted by Kiev.” Critical to note, this report says, is that the 23 February Ukrainian coup d’etat was instigated by the US and EU after the Yanukovych government turned down US Chevron Corp’s and EU’s Shell’s “fuzzy-edge but claimed-as-enticing proposals” to accelerate investment in shale gas and shale oil E&P (exploration & production) in Ukraine. Should the Yanukovych government have accepted the Chevron-Shell offer, this report warns, both Exxon Mobil and Rosneft stood to lose billions, but which (obviously) Tillerson was not about to let happen. Most intriguing about this report are the excerpts of the conversations held between Tillerson and Obama where the Exxon Mobil CEO appears to have lectured the American leader on the realties of both Ukraine and Crimea stating that without them being split apart, stability could never be realized due to the advantage held by Russian language voters over their Western-leaning counterparts. In fact, this report notes, with Crimea and its over 1 million Russian voters now out of Ukraine, it is now assured that this economically bankrupt nation will become yet another “financial black hole” to both the US and EU after its citizens vote, on 25 May, for what they mistakenly believe will be a Western-style government that will lift them out of their poverty and misery. And with Ukraine’s new Right Sector leader, Igor Mazur, railing against “Jewish Oligarchs” he has vowed to wipe out, this report concludes, the Western targeting of the business interests of these oligarchs does nothing more than open the doors for the takeover of a sizeable portion of Ukraine’s private sector by EU and US corporations. Even worse, MoFA experts in this report say, with Ukraine’s external debt now on the order of $140 billion, the US-EU-IMF aid package (said to be on the order of $15 billion) doesn’t even approach this troubled nations outstanding short-term debt which is $65 billion, more than four times the amount promised by these Westerners. In other words, this report says, this loan is “fictitious money” as not one dollar of this money will enter Ukraine, but will, instead, go to its main creditors…two of whom are Exxon Mobil and Rosneft. Source:  http://www.eutimes.net/2014/03/obama-in-shock-after-us-oil-giant-sides-with-putin-declares-no-ukraine-war/

Continue Reading No Comments