ZeroHedge – A Revolving Door Farce: CFTC Commissioner Bails To Head Regulator’s Biggest Opponent – 23 July 2014

 There is no better way to describe what the recently departed CFTC commissioner Scott O’Malia just did when he bailed from the commodity watchdog to become the new head of the International Swaps and Derivatives Association, aka ISDA, the biggest banking group that has constantly opposed every intervention and attempt to regulate the swaps market by the CFTC since the Lehman crisis, than an epic farce.

For those who are unaware ISDA is a global OTC derivative lobby group, counting the world’s largest investment banks among its members, and has frequently fought regulatory efforts to reform the market after the financial crisis. ISDA itself was exposed as a complete joke during the European crisis when due to the overhang of avoiding Europe’s insolvent reality, it made CDS protection obsolete as protection from sovereign restructurings and credit events, in the process crushing one of the key ways to hedge for credit event risk.

Read the full story at: www.zerohedge.com / link to original article

ZeroHedge – Frontrunning – 23 July 2014

• Here come the gates which we predicted in 2010: SEC Is Set to Approve Money-Fund Rules (WSJ)
• Dick’s cuts 400 jobs as golf now less popular (MW)
• Kerry arrives in Israel, pushes for peace (Reuters)
• Pay Penalty Haunts Recession Grads as U.S. Economy Mends (BBG)
• Appeals Courts Issue Conflicting Rulings on Health-Law Subsidies (WSJ)
• Rebel Stronghold Donetsk Holds Breath as Shellfire Mounts (BBG)
• Business executive wins Georgia Republican runoff in U.S. Senate race (Reuters)
• Five held in China food scandal probe, including head of Shanghai Husi Food (Reuters)
• Jobs Hold Sway Over Yellen-Carney as Central Banks Splinter (BBG)
• With sales sputtering, Apple’s iPad looks to IBM alliance (Reuters)
• Plane with first coffins of Malaysian airliner victims leaves Ukraine (Reuters)
• Saudi Stock Opening Shut to Some as Hot Money Unwanted (BBG)

Aisha North – A Message From Mother – 23 July 2014

And here it is that we begin another cooperation again, for I am the one that will once again raise my voice above the din and greet you all as the female incarnate, the She, the one majestic force that for so long has been kept at bay on you shores. But now, my multicolored robes will once again flow freely around you all as the the state of languishing in hiding is now over. I go by many names, but all of them carry the same meaning. For I am She, the giver of life, the force of nature, the One that will join the other half and become complete once again.

Mish/ Mike Shedlock – Ukraine Caught In Third Major Lie? Magic Number 312 – 23 July 2014

I have strong evidence from Ukrainian citizen Anatoly Shary that Kiev is caught in a third major lie regarding Buk deployment.

It takes a while to go over the evidence, condensed below, all having to do with the number 312 painted on a missile launcher.

Follow the Number

On March 8, Censor.Net, a Ukrainian Nationalist cite, says “Ukraine Defends Donetsk From Russian Incursion: ‘Buk’ Air Defense Rocket Systems Are Taking Up Positions. PHOTO + VIDEO”

The sub-headline reads: “A resident of Gorlovka, driving to work in Soledar, came across an entire convoy of military equipment. …My coworkers and I counted 11 missile launchers …”

Read more at www.globaleconomicanalysis.blogspot.com/  link to original article

John Ward – Espirito Santo: Watch And Weep As It Turns Into A Bailin – 23 July 2014

Now that the “technical glitch nothing to worry about” Espirito Santo bank in Portugal is (along with its group owner) filing for “creditor protection” we would all do well to remember that in 2014 that’s us, you and I. They want protection from, not for. Big difference.

It’s supplicant plea for protection from we nasty folks who deliberately brought ES down by entrusting our money to them at 0% interest was of course accepted by a court in Luxembourg, the offshore tax evasion centre masquerading as an EU nation….from which emerged the newly unelected EU President, unser geliebte Betrunken, Jean-Claude Juncker.

John Ward – RBS: Parliamentary Committee Vindicates Slog Charges – 23 July 2014

Lies, damned lies and bank website claimsLast month as RBS began giving what they laughably call “evidence” to the Commons Treasury Select Committee (TSC) The Slog posted this piece pointing out the bleeding obvious as follows:‘…but meanwhile, the new CEO “can’t see any evidence to substantiate” the myriad claims against the Bank that Hester let fester….‘ This would seem to be the worst case of myopia humanity has yet discovered, given that – as I revealed in January – there were some 6,000 cases of SME fraud claims outstanding against the bank: ‘…There was the usual bunny about ‘setting aside’ £3bn for defrauding SMEs. Think about that for a minute: that is £3,000,000,000, so if they defrauded at a rate on average per business customer of half a million, they stitched up six thousand customers…..but current CEO Ross ‘Magoo’ McEwan said last month he couldn’t find any evidence to support it. Should’ve gone to Specsavers…’ I warned in 2012 that RBS crookery had been on an industrial scale, and that the balance sheet liabilities were being shiftily understated. Yesterday the TSC told the media that senior RBS staff had been’ “wilfully obtuse” in answering MPs’ questions about the alleged mis-treatment of the bank’s small business clients. Its Chairman Andrew Tyrie said:

Minutemen Militia Recruiting 3,500 Volunteers To Patrol US Border – 23 July 2014

The co-founder of an organization composed of armed Americans adamantly opposed to illegal immigration says he plans to recruit as many as 3,500 volunteers to participate in a massive border fortification next year.

Minutemen Project co-founder Jim Gilchrist announced earlier this month that he has begun planning for the event, “Operation Normandy,” to be waged on May 1, 2015 along what he calls the “porous areas” between San Diego, California and Brownsville, Texas.

“If you are familiar with the Normandy invasion of France in 1944, then you have an idea how large and logistically complicated this event will be,” Gilchrist wrote in an announcement on the Minutemen Project website. “However, there is one difference. We are not going to the border to invade anyone. We are going there to stop an invasion.”

“Operation Normandy will provide a vital defense against the waves of illegal aliens flooding over the border in search of welfare benefits, jobs and school places that rightfully belong to American citizens,” Gilchrist added. “In the spirit of the original Minutemen, I believe the only solution is to once again defend our United States. Next May, I shall head to the Southern Border to stand against this invasion.”

Read the full story at : www.rt.com  / link to original article