Wednesday, December 19, 2007

Conspiracy Theory - Paul Krugman On US Economy

conspiracy theory
Paul Robin Krugman (born February 28, 1953) is an American economist. Krugman is currently a professor of economics and international affairs at Princeton University. He is also an author and a columnist for The New York Times, writing a twice-weekly op-ed for the newspaper since 2000.

Krugman is well known in academia for his work in trade theory, which provides a model in which firms and countries produce and trade because of economies of scale and for his textbook explanations of currency crises and New Trade Theory. He was a critic of the "New Economy" of the late 1990s. Krugman also criticized the fixed exchange rates of the island Asia nations and Thailand before the 1997 East Asian financial crisis, and of investors such as Long-Term Capital Management that relied on the fixed rates just before the 1998 Russian financial crisis.

Krugman is generally considered a neo-Keynesian, with his views outlined in his books such as Peddling Prosperity. His International Economics: Theory and Policy (currently in its seventh edition) is a standard textbook on international economics without calculus. In 1991 he was awarded the John Bates Clark Medal by the American Economic Association.

Krugman is an outspoken critic of the George W. Bush administration and its foreign and domestic policy. Unlike many economic pundits, he is also regarded as an important scholarly contributor by his peers. He has written over 200 scholarly papers and 20 books—some academic, and some written for the layperson.

Monday, December 17, 2007

Conspiracy Theory - Alan Greenspan Urges U.S. to Help Those Facing Foreclosure

Alan Greenspan, former chairman of the Federal Reserve, said Sunday that the government should provide direct financial assistance to homeowners who are threatened by foreclosure in the worsening credit crisis.

In an interview on “This Week” on ABC, Mr. Greenspan said that helping homeowners directly would create “a short-term fiscal problem” for the government, but that doing so would be more effective than solutions like freezing mortgage rates.

Two ways to help homeowners directly would be to reduce taxes or to give cash grants similar to those given to disaster victims.

Either approach would strain the federal budget, but Mr. Greenspan said, “It’s far less damaging to the economy to create a short-term fiscal problem, which we would, than to try to fix the prices of homes or interest rates.”

Either of those efforts, Mr. Greenspan said, would “drag this process out indefinitely.”

“It’s important to recognize that there are a very large number of people who are in very major stress and having great difficulty in paying off their mortgages,” Mr. Greenspan said.

“Cash is available,” he added, “and we should use that in larger amounts, as necessary, to solve the problems of the stress of this.”

In one step taken by the Bush administration, Henry M. Paulson Jr., the secretary of the Treasury, has negotiated a freeze on interest rates on some subprime mortgages. Mr. Paulson has not called for any government spending to help homeowners or banks.

Two Democratic presidential candidates have urged the federal government to take a more direct role. Senator Hillary Rodham Clinton of New York has urged a suspension of foreclosures and John Edwards, a former senator from North Carolina, has suggested that the government set up a rescue fund for homeowners in trouble.

Last Tuesday, the Federal Reserve cut its benchmark short-term interest rate a quarter of a percentage point, to 4.25 percent, in hopes of bolstering the economy. But the stock markets had hoped for a larger cut, causing stock prices to drop sharply. Last Wednesday, the Federal Reserve and other central banks announced a plan to lend billions of dollars to private banks to encourage them to make loans more available and thus spur the economy.

The Fed said it would make $40 billion available for lending to banks during December. Other central banks around the world said they would provide $50.2 billion in December and January.

Banks routinely borrow from one another to provide loans. But the cost of interbank borrowing has risen sharply at the same time that banks are being required to hold more capital on their books.

As the economy was slowing and talk of an impending recession increased, Mr. Greenspan and other economists said they worried about inflation. Mr. Greenspan said it was “critically important” that the Federal Reserve be permitted to suppress “the inflation rate that I see emerging, not immediately, but clearly over the intermediate and longer term period.”

Mr. Greenspan said he was not sure that directly helping homeowners would solve the credit crisis. “I don’t know if it would work,” he said, “but it would certainly help people. It would help their incomes; it would help their personal state.”

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Saturday, December 15, 2007

Conspiracy Theory - The Truth About Psychiatry

conspiracy theory
This riveting presentation, two years in the making, lays bare the destruction wrought by psychiatrists upon every sector of our society. Graphic footage from archival and current films depicting psychiatrists-in-action, eye-opening interviews with medical experts and moving accounts from victims and their families, make this the most complete and devastating documentary of psychiatric abuse ever produced.

.."Powerful and disturbing but ultimately inspirational"..Martin Whitely, Member of Parliament..." Through rare historical and contemporary footage and interviews with more than 160 doctors, attorneys, educators, survivors and experts on the mental health industry and its abuses, this riveting documentary blazes the bright light of truth on the brutal pseudoscience and the multi-billion dollar fraud that is psychiatry.

Tuesday, December 11, 2007

Conspiracy Theory - Man Faked Own Death For Over Three Years

conspiracy theory
LONDON (Reuters) - A man who had been declared dead after a canoeing accident but in fact survived hid in his home for three years before his arrest this week, his wife told British newspapers Saturday.

Anne Darwin described how her husband, John, had avoided discovery by using a small passage to an apartment in an adjoining house owned by the couple.

John Darwin was arrested on suspicion of fraud after he sensationally reappeared and walked into a police station claiming amnesia.

"For three years, while virtually everyone close to us believed John was missing presumed dead, he was actually at home with me," Anne Darwin, who recently left Britain for central America, told the Daily Mirror.

"We were living as man and wife, although it was far from a conventional life," she added.

"There were a few hairy moments and I lived in fear of being found out," she told the Daily Mail in another interview.

She said Darwin had talked to her before his disappearance about faking his death as a way to solve financial problems.

Friday, magistrates granted Cleveland Police an extra 36 hours to question Darwin, 57, on suspicion of fraud. Officers plan to question his 55-year-old wife if she returns to Britain.

Newspaper reports said his life insurance and work benefits had been paid to his wife.

Anne Darwin spoke to the Daily Mail in Miami where she had traveled from Panama, apparently heading to Britain after telling reporters she had been "living a lie" and fears her children would never forgive her.

She told the Daily Mirror her husband partly lived with her in the family home but, if visitors called, had to flee through the passage hidden by a wardrobe with a false back. It led to one of several apartments the other house was divided into.


Former prison officer Darwin vanished in March 2002 from his home in Hartlepool, but according to his wife, he turned up at their house a year later.

"I didn't even recognize him at first," she told the Mirror. "He was an absolute mess, all disheveled. I was relieved he was alive, of course, but I was also very angry with him."

She added: "We had a lot of debt, in the tens of thousands. He said there was only one way out of the situation and that was to fake his death. I said it was the wrong thing to do and could not go along with it but he badgered away."

She said the couple decided to move to Panama but Darwin, who was missing their sons Anthony and Mark, invented a plan to "return from the dead."

"I didn't think he would get away with it, but he had enough of being dead. John desperately wanted contact with the boys."

In 2002, Anne Darwin reported her husband missing, saying she feared he had suffered an accident while kayaking in the North Sea near their home in Hartlepool, in Cleveland.

A few weeks later the shattered remains of his red kayak were discovered. In 2003, following a police inquiry, a coroner declared him dead.

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Saturday, December 8, 2007

Conspiracy Theory - The shadowy world of penny stocks

conspiracy theory
What began with an undercover F.B.I. agent’s posing as a corrupt hedge fund manager led to the indictments of six people yesterday on charges of fraud in the shadowy world of penny stocks, federal prosecutors said.

A year-long investigation code-named Missed Information uncovered five separate stock schemes, according to the United States attorney’s office for the Southern District of Florida.

In each case, the undercover agent posed as a hedge fund manager at Fillmore Capital, a fake firm created by the F.B.I. in Palm Beach.

The unidentified agent got word out to the penny stock community that he was willing to buy stocks in struggling companies in return for bribes. Prosecutors said he accepted kickbacks from company insiders and stock promoters for buying stocks, some through an online brokerage account, to pump up prices.

The case was brought in conjunction with the Securities and Exchange Commission, which brought civil charges against seven defendants; six defendants were indicted by the United States attorney on criminal charges in the case, the S.E.C. said.

The charges exposed a murky underworld of penny stocks, a longtime staple of boiler rooms running illegal pump-and-dump schemes. Such shares trade over the counter, rather than on an exchange.

In each of the cases, company insiders or stock promoters tried to build support for their share prices by making a deal with the undercover hedge fund manager to buy large stakes of shares. In return, the insiders would pay the hedge fund manager a kickback, usually 25 to 35 percent of the total purchase price, the prosecutors said.

In each instance, the agent insisted he had to hide the transaction from his hedge fund clients — because of a “fiduciary obligation” to them, leading the parties to execute a fake consulting agreement with a fake company, Global Connect Services. “This case illustrates the commission’s ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets,” said Linda Chatman Thomsen, director of the S.E.C.’s division of enforcement.

The five suspected penny-stock schemes were remarkably similar. In mid-April, prosecutors say, Virgil G. Williams, the 59-year-old chief executive of Asgard Holdings, a Nevada-based investment firm, contacted the agent posing as a hedge fund manager and asked him to buy Asgard Holdings shares.

Mr. Williams agreed to pay the agent 25 percent of the price of the transaction as a kickback, the prosecutors said. The next day, Mr. Williams contacted his broker to make sure that the broker accepted the appropriate bid in the marketplace, the complaint says.

The agent told Mr. Williams he had a fiduciary duty to his hedge fund requiring that he hide the kickback. As a result, the complaint charges, the agent and Mr. Williams agreed to set up a fake consulting agreement to hide the bribe.

But then the operation almost went awry. On April 24, the agent and the stock owner talked about the transaction and agreed to the terms, but the next day, the seller said he was uncomfortable with the deal and did not want to do anything illegal. Two days later, Mr. Williams rescinded the offer because he thought he was part of a sting operation, the complaint says.

In late July, Mr. Williams contacted the agent again to do the deal. In August, the agent used an E-Trade account to buy two million shares of Asgard Holdings at $0.015 a share. In the preceding month, only 172,00 shares had been traded.

A few days later, a Florida corporation believed to be controlled by Mr. Williams wired $7,500 to the agent’s fake consulting firm.

In a separate scheme, according to the complaint, the agent entered into a deal with William L. Haynes, a 42-year-old Palm City, Fla., resident and stock promoter, to have the hedge fund buy shares in Environmental Service, a home environmental inspection company.

The agent bought one million shares of the company. Prosecutors said he had agreed to receive a kickback of 35 percent, which included a 2.5 percent kickback to Efrim Gjonbalaj, a colleague of Mr. Haynes who introduced the two.

After receiving a $532.68 payment, Mr. Gjonbalaj returned the money to the agent with a letter saying he did not recall participating in any dealing with the agent, prosecutors said.

Many of the schemes involved individuals with past regulatory infractions. Mr. Haynes was enjoined by the S.E.C. in 2001 in a fraud case associated with a $7 million stock offering and barred from associating with a broker- dealer. A defendant named in the civil suit, Vincent Cammarata, is on supervised release after serving time in federal prison on drug-related charges.

Other criminal defendants include Ron Williams, 57, of Miami; Mark Foglia, 52, of Hypoluxo, Fla., and Rex Morden, 57, of Henderson, Nev.

If convicted, Mr. Haynes faces a fine of $5 million and 25 years in jail while the others face 20 years in jail and potential fines of $250,000 to $500,000.

The other civil defendant is Sean Sheehan.

Lawyers for the defendants could not be reached for comment. conspiracy theory

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Wednesday, December 5, 2007

Conspiracy Theory - Forbidden Knowledge

conspiracy theory
Jack B. Otto has the authored the book World War III. It is an expose? of massive corruption in high places. The conspirators comprise a large satanic cult that pretends to be Jews. They control the world through international banking and all it can buy.

Discover how their Illuminati organization fomented the French Revolution, American Revolution, Communism, Nazism, Civil War, the United Nations, World War I, II and soon III.

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Saturday, December 1, 2007

Conspiracy Theory - The Truth About Democracy, Part I

conspiracy theory
Athens – The truth about democracy Athens is revered as the birthplace of Western philosophy, art, science and perhaps the greatest political idea of all time – democracy.

But in this fascinating documentary (first shown on Channel 4 in July 2007), historian Bettany Hughes looks behind some of the myths of Athens’ golden age. She finds a very warlike and aggressive state, which was also capable of terrible mistakes, misdeeds and atrocities.

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