Tuesday, June 22, 2021

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Technological Incompetence Appears to be Intentional at Wall Street’s Top Cop

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by Pam Martins and Russ Martins, wallstreetonparade:

When we created the website for Wall Street On Parade, it took us about 30 minutes to add a free plug-in function so that our readers could search the text of every article we have ever written. (See Search box in upper right-hand corner of our menu at the top of this website.) But at Wall Street’s top cop, the Securities and Exchange Commission (SEC), if one wants to search corporate filings, one is limited to a four-year text search. This bizarre restriction inhibits investigative journalists from capably doing their job and connecting dots.

This might sound like a small complaint were it not part of a larger pattern of technological failures by the SEC which have allowed Wall Street firms to run amok for decades.

The biggest technological failure, of course, is the SEC’s inability to launch a Consolidated Audit Trail (CAT) over the 83 years of the SEC’s existence in order to spot manipulative or illegal trades by some of the most highly sophisticated trading houses in the world. While JPMorgan brags about having “more software developers than Google, and more technologists than Microsoft,” and Goldman Sachs is hiring the best Russian coders, Wall Street’s top cop is still driving a horse and buggy.

The CAT, if it is ever implemented, would show every trade in U.S. stock and option markets, including when it occurred and at what firm it originated. But don’t hold your breath.

Adding to the evidence that the SEC is technologically incompetent by design is what its own attorneys have said about its seemingly intentional failure to prosecute.

James Kidney retired from the SEC in 2014 following a quarter century as a trial lawyer there. He delivered a blistering speech at his retirement party on how SEC leadership functions. Not long thereafter, American Lawyer published excerpts from 2,000 pages of documents it had obtained from the SEC under a Freedom of Information Act (FOIA) request, which indicated that Kidney had pushed the SEC to investigate up the chain of command in the Goldman Sachs Abacus 2007-AC1 investment scam. (Goldman Sachs had allowed a hedge fund, John Paulson & Co., to bet against the Abacus deal despite knowing that Paulson had helped to select investments in the deal that were likely to fail.

Read More @ http://wallstreetonparade.com

Former EPA scientist calls on Trump to end the “fake science” bureaucracy that has taken over the federal government

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by Jason Veley, NaturalNews:

While you’ve probably heard of the term “fake news,” which is most often used in reference to the spread of inaccurate or fabricated political rhetoric, one term that is heard less often but deserves just as much attention is “fake science.” As the name implies, fake science refers to scientific data that has been intentionally manipulated or altered in some way so as to advance a particular political agenda. If this sounds familiar, that’s because you witness it almost every time you turn on cable news or sit down inside of your college classroom; indeed, “fake science” is exactly what progressives perpetuate whenever they talk about manmade climate change.

In a recent article published on The Daily Caller, columnist David Lewis, Research Director at the Focus For Health Foundation and a former EPA scientist, called on President Trump to put an end to the “fake science” routinely being perpetuated by leftists and radical environmentalists alike.

“Trump can eliminate federal funding of data fabrication,” Lewis wrote. “It just takes putting accomplished scientists in charge, who understand both science and the federal bureaucracy from top to bottom and will do whatever is necessary.”

As Lewis argued in the preceding part of his article, the need for President Trump to take action against the federal funding of fake science is so important because of how often data on climate change is being manipulated for political purposes. “The public is largely unaware that federal agencies often engage in fabricating scientific data to support their policies and cover up any evidence whenever they screw up,” Lewis wrote, adding that the manipulation of data isn’t a practice that is solely limited to the Environmental Protection Agency or the CDC.

Read More @ naturalnews.com

The Latest Lies of Hillary Clinton

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by Roger Stone | Infowars.com :

Hillary Clinton is at it again. In her cool new book “What Happened?” she comes up with any number of people and institutions to blame for her stunning defeat. She seems to blame everyone but herself.

At the same time she recycles the lies of John Podesta claiming falsely that I knew about Podesta’s email being hacked in advance, that I knew the content of the WikiLeaks October disclosures and that my brief and now totally public exchange with somebody calling themselves Guccifer 2.0 is anything but innocuous, benign and meaningless.

I have a feeling these questions will come up when I testify before the House Intelligence Committee next Tuesday. Let’s take a look at Hillary Clinton’s latest lies:

Page 345

“Then, on August 8, Trump’s longtime consigliere Roger Stone, who cut his teeth as one of Richard Nixon’s “dirty tricksters,” bragged to a group of Florida Republicans that he was in communication with a Assange and predicted that an “October surprise” was coming. This was a shocking admission, made in public, from Trump’s longest-serving political adviser. Stone made similar statements on August 12, 14, 15, and 18. On August 21, he tweeted, “Trust me, it will soon be Podesta’s time in the barrel. #CrookedHillary”. This was particularly notable because, as I mentioned earlier, we have determined there was a good chance that John’s email might have been hacked, but didn’t know for sure. Stone kept at it over the next few weeks, even calling a Assange his “hero.”

I wasn’t the only one who noticed. At the end of August, Harry Reid, one of the congressional “gang of eight” who are briefed on the most sensitive intelligence matters, wrote a letter to FBI Director Comey that cited Stone’s claims and asked for a full and thorough investigation. “The evidence of a direct connection between the Russian government in Donald Trump’s presidential campaign continues to mount,” Reid wrote.”

Allegation: Contact with Julian Assange and knowledge of the Podesta hack, plus Harry Reid confirmed it.

Read more @ infowars.com

Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

by Jan Skoyles, GoldCore:

– ‘Commodities King’ Gartman sees $1,400 gold surge in months
– “Gold is the one currency that will do the best of all…”

– Pullback below $1300 “is relatively inconsequential”
– Use gold price weakness to be a buyer “no question”

– Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms
– Gold will be the best of all, as a result of QE and expansionary policies
– Dalio reconfirms belief that ‘gold serves a purpose’ and portfolios should have exposure
– ‘Gold is a diversifying asset’ says Dalio
– Own allocated, segregated gold in Zurich or Singapore

Editor Mark O’Byrne

Dennis Gartman has called 2017’s gold rally and he is now forecasting gold will be “demonstrably higher” rising to $1,400/oz in the coming months and rise by even more in euro terms.

In an interview on CNBC, he said that the recent correction in gold is but a mere pullback prior to much higher prices and “gold is the one currency that will do the best of all.”

Earlier this year Dennis Gartman, of the Gartman Letter, successfully called this year’s gold rally. In the year-to-date the precious metal is up by nearly 13{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, thus outperforming the S&P 500 which is 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} higher.

“A year from now, gold will be demonstrably higher than it is right now…I would certainly think we could see $1400 [an ounce] in dollar terms.”

Gartman’s prediction comes a few days after another respected investor, Ray Dalio, called for gold to be held in portfolios.

Both Gartman and Dalio encourage gold investment as they believe it is an excellent diversifier and will be among the best performing currencies.

Read More @ goldcore.com

Stocks and Precious Metal Charts – A Late Summer’s Afternoon

from jessescrossroadscafe:

“Listen, and I will tell you a mystery:  we will not all fall sleep, but we will all be changed, in a moment, in the twinkling of an eye, at the call of the last trumpet. For that trumpet will sound, and the dead will be raised imperishable, and we, we will be changed.   For the perishable must clothe itself with the imperishable, and the mortal with immortality.   And when the perishable has been clothed with the imperishable, and the mortal with immortality, then shall come to pass the words which have been written:  ‘Death has been swallowed up in victory.’”

1 Corinthians 15:51-54

There will be an options expiration on the Comex for precious metals next week on Tuesday the 26th. Given that it is for the October contracts it could be more important for gold than silver.

Late this afternoon Senator McCain indicated he cannot vote for the latest form of GOP healthcare repeal.

Read more @ http://jessescrossroadscafe

NBC’s Brian Williams Wins Dan Rather Memorial Award for Stupidest Analysis

from CNSNews:

NBC’s Brian Williams won the Dan Rather Memorial Award fro the Stupidest Analysis at Media Research Center’s 30th Anniversary Gala last night in Washington, D.C.

 

The audience awarded Williams with the prize for comments he made on MSNBC on Nov. 26, 2016, the night that Cuba’s Communist dictator, Fidel Castro, died.

 

Speaking of that nation impoverished by socialism, Williams said that people there would rather have “donkey carts” than cars and trucks as a mode of transportation.

Read more @ CNSNews.com

Look Around! Common Law Works. Government Statute Doesn’t.

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by Joe Jarvis, Daily Bell:

How can something be considered a crime if there is no victim?

This is a problem. You can go through life making sure you don’t hurt anyone, and still break the law. Wouldn’t that be great if you could simply base your actions on common sense and respect for the standards of a community?

Instead, people must also make sure they don’t do anything labeled wrong by the government. Of course, it is impossible to know all the laws which the government has created. And what they call wrong is not always intuitive, nor offensive.

Government statute law goes beyond the resolution of disputes between individuals and groups. In contrast, the whole point of common law was to settle disputes in non-violent ways.

Now, there are third-party enforcers trolling around looking for a statute that has been broken. There doesn’t have to be a victim. No one has to have been wronged by the legal breach. They actually create conflict instead of resolving it. Their actions often lead to violent altercations, rather than deescalating disputes.

In an essay called “The Obviousness of Anarchy,” John Hasnas discusses the origins of common law, and how it was born out of anarchy. He says that clearly, no society can exist without governance. Part of the definition of a society is that it is somewhat organized and held together by common traditions. But that does not necessarily mean government, as the term has come to be understood.

Read More @ thedailybell.com