Sunday, January 12, 2014

“get out of jail free card” for £50,000

"The entire criminal justice system was infiltrated by organised crime gangs, according to a secret Scotland Yard report leaked to The Independent.

In 2003 Operation Tiberius found that men suspected of being Britain’s most notorious criminals had compromised multiple agencies, including HM Revenue & Customs, the Crown Prosecution Service, the City of London Police and the Prison Service, as well as pillars of the criminal justice system including juries and the legal profession.

The strategic intelligence scoping exercise – “ratified by the most senior management” at the Met – uncovered jurors being bought off or threatened to return not-guilty verdicts; corrupt individuals working for HMRC, both in the UK and overseas; and “get out of jail free cards” being bought for £50,000.

The report states that the infiltration made it almost impossible for police and prosecutors to successfully pursue the organised gangs that police suspected controlled much of the criminal underworld.

The author of Tiberius, which was compiled from intelligence sources including covert police informants, live telephone intercepts, briefings from the security services and thousands of historical files, came to the desperate conclusion: “Quite how much more damage could be done is difficult to imagine.”

The fresh revelations come a day after The Independent revealed that Tiberius had concluded the Metropolitan Police suffered “endemic police corruption” at the time, and that some of Britain’s most dangerous organised crime syndicates were able to infiltrate New Scotland Yard “at will”.

In its conclusions, the report stated: “The true assessment of the damage caused by these corrupt networks is impossible to make at this stage, until further proactive scoping has been undertaken.

“However a statement by an experienced SIO [senior investigating officer] currently attached to SO 1(3) gives some indication of the depth of the problem in east and north-east London: ‘I feel that at the current time I cannot carry out an ethical murder investigation without the fear of it being compromised.’

“The ramifications of this statement are serious and disturbing and provide a snapshot of the current threat to the criminal justice system. Additionally the fact that none of these syndicates have been seriously disrupted over the last five years provides an insight into the effectiveness of their networks.”

In one case identified by Tiberius, a leading criminal was acquitted of importing cannabis after he allegedly “bought” members of the jury hearing his case. A named police officer “was involved in some way or another”, according to the report.

Tiberius also revealed the Met was concerned at the time with a national newspaper story on the ability of the Adams family to escape the law by penetrating the criminal justice system.

In 1998, police appeared to have finally made a breakthrough when Tommy Adams was jailed for more than seven years for importing cannabis.

However, the article cited by Tiberius stated that the “only reason the Adams family had allowed the prosecution to succeed and had not resorted to bribery or intimidation to thwart it, was because the other brothers wanted to teach Tommy a lesson for getting involved in crimes they had not authorised”.

The article concluded: “Witnesses terrified into silence, dodgy jurors, bent lawyers, bent policemen and bent CPS clerks – all are part of the same cancer eating away at justice. A cure for the malady will not be easy to come by. Perhaps we should begin by acknowledging that the patient is sick.”

Tiberius disclosed that the Met interviewed the journalist who wrote the story after the murder of Solly Nahome, a Jewish money launderer credited as the “brains” behind the Adams’ criminal empire. The reporter stated one of her journalistic sources on the family was a corrupt police officer but did not disclose who it was.


Sunday, January 05, 2014

2014 Economic Forecast

May be THIS will be one of the most important summary you will read and not because I am a genius, just because I have read and perused ALL the important forecasts.
Many forecast the economic collapse.
I do not know and nobody can say if 2014 will be the YEAR, what is clear is that in 2014 we will see WHAT the economic future will be.
So THIS is WHAT and not WHEN.
The Federal Reserve will face two choices in 2014: go on with QE or taper.
In both cases we will arrive to the same destiny, even though with QE may be a little bit later.
If the FED will taper there will be an immediate outcome: the interest rates on the treasuries will go up.
That means that the treasuries will be worth less and less (may be nothing) and the ones who invested in them will try to get rid of them.
That has no big consequences in an environment in which the FED buys them, but doing so means going on printing money.
In my opinion tapering gradually won't change much.
Second consequence is that tapering will put an end to cheap money, so the Equity market will follow.
Why the increase in interest rate will lessen the value of bonds?
In principle the investment that pays more money looks the most attractive.
If that was the case, the Greek bonds, that paid 13% interest would have been the most sought of...
The USA with an interest rate of 2% actually pays 350 BILLION dollars interest per year.
One point more would mean 170 BILLIONS more.
If the interest rate grows to 5 or 6% the payment would be impossible, especially in an economy that is not growing.
So, the only outcome would be bankruptcy. And what is the use of bonds that pay 5% when they are worth 0? Second choice is going on printing money, calling it QE or whatever looks better.
That would postpone the end, but the end would come NOT as bankruptcy but as hyperinflation or money that is worthless.
When you increase the monetary quantity the only thing you do is lowering the value of the existing one.
That is Hinflation, and when you print too much you have HYPERINFLATION.
The difference between tapering or not tapering in the end is zero.
Having no money or a lot of money that is worth nothing IS the same.
SO, What will the FED do?
May be it will begin tapering and stop it and printing more and more.
Or just finding, as it did many times before, an excuse and going on with QE.
In this case will be able to suppress interest rates, the value of commodities, pump more the stock bubble.
So, one just has to be a little more patient, but the results will come....

What does it have to do with Europe?
As we know, what the FED does has implications ALL OVER the world, including Europe.
Here the Bundesbank has been partially successful in limiting Draghi in printing Euros.
But in May we will have the European elections, SO...we can presume that the printer in the BCE will print enough money to keep the interest rates of the bonds lower (in Italy the spread is less than 200...thanks to Draghi) but, after MAY...
Also here we will face the dilemma.
One way, and I bet on it, will be a partial debt jubilee, but at the expenses of the people.
Nobody of the official press (the state presstitutes) has wrote about it, but the IMF, since long, is insisting of a 10% tax on the riches.
Which in simple words means 10% levy on our bank accounts.
And of course the beginning of capital control, so that any sum will be possible in the near future.
That would help to reduce the state debt, so that WE can go on paying 70% taxes to pay the interest on the debt, this time to the BCE.
What would be the use of a country if it defaulted on the debts?
It ALL brings to the same conclusion: a transfer of money from the mass to the elite of BIBLICAL proportions.
The result? Many, many poor (and slave) and a very few very, very rich.