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8 Reasons 9/11 Could NOT Have Been An Inside Job
Below, we'll show that 9/11 could NOT have been an inside job …
I. The 9/11 Commission and Congressional Investigation Into 9/11 All Disproved Any Conspiracy
9/11 was thoroughly and exhaustively investigated by the 9/11 Commission, Congress and U.S. scientific agencies.
This horse has already been beat to death, and anyone who raises questions is a nutjob.
True, the 9/11 Commission didn't believe that the government told the truth about 9/11, and said the government obstructed their investigation.
For example:
- 9/11 Commission co-chair Lee Hamilton says the Commission was set up to fail, that people should keep asking questions about 9/11, and that the 9/11 debate should continue
- The 9/11 Commission chair said the Commission was “set up to fail”
- The Commission’s co-chairs said that the CIA (and likely the White House) “obstructed our investigation”
- 9/11 Commissioner Bob Kerrey said that “There are ample reasons to suspect that there may be some alternative to what we outlined in our version . . . We didn’t have access . . . .”
- 9/11 Commissioner Timothy Roemer said “We were extremely frustrated with the false statements we were getting”
- 9/11 Commissioner Max Cleland resigned from the Commission, stating: “It is a national scandal”; “This investigation is now compromised”; and “One of these days we will have to get the full story because the 9-11 issue is so important to America. But this White House wants to cover it up”. When asked in 2009 if he thought there should be another 9/11 commission, Cleland responded: “There should be about fifteen 9/11 commissions”
- The Senior Counsel to the 9/11 Commission (John Farmer) – who led the 9/11 staff’s inquiry – said “At some level of the government, at some point in time…there was an agreement not to tell the truth about what happened“. He also said “I was shocked at how different the truth was from the way it was described …. The tapes told a radically different story from what had …read more
Source: 8 Reasons 9/11 Could NOT Have Been An Inside Job
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Key U.S. Events In The Coming Week
By Tyler Durden
Key economic releases for the coming week include the ISM non-manufacturing report on Wednesday. There are several scheduled speeches from Fed officials this week. Fed Chair Yellen will take part in a discussion with former Fed Chairs on Thursday.
Monday, April 4
10:00 AM Factory orders, February (GS -2.1%, consensus -1.8%, last +1.6%)
- Factory orders likely declined in February following a 1.6% gain in January. Falling factory orders would reflect the weaker-than-expected durable goods report for February.
09:30 AM Boston Fed President Rosengren (FOMC voter) speaks
- Federal Reserve Bank of Boston President Eric Rosengren will speak about economic and cybersecurity risks at the Boston Fed’s cybersecurity conference. In February, Rosengren noted that “if inflation is slower to return to target, monetary policy normalization should be unhurried. A more gradual approach is an appropriate response to headwinds from abroad that slow exports, and financial volatility that raises the cost of funds to many firms.”
07:00 PM Minneapolis Fed President Kashkari (FOMC non-voter) speaks
- Federal Reserve Bank of Minneapolis President Neel Kashkari will hold a town hall meeting on ‘too big to fail’. There will be Q&A beforehand at 5:15 PM. The newly appointed President Kashkari has said little in public regarding his views on monetary policy.
Tuesday, April 5
01:00 AM Chicago Fed President Evans (FOMC non-voter) speaks
- Federal Reserve Bank of Chicago President Charles Evans speaks on the economy and monetary policy at the Credit Suisse Asian Investment Conference in Hong Kong. Audience and media Q&A is expected. Last week, President Evans discussed the “asymmetric” risks facing the US economy, noting that “we should buy some insurance against unexpected weakness by accepting a somewhat higher likelihood of stronger outcomes. Translated into monetary policy, this means being more accommodative than usual to provide an extra boost to aggregate demand as a buffer against possible future downside shocks that might otherwise drive us back to the effective lower bound.”
08:30 AM Trade balance, February (GS -$46.0bn, consensus -$46.2bn, last -$45.7bn)
- The new advanced goods trade report showed a slightly wider goods deficit in February (-$62.9bn from -$62.4bn), reflecting a widening trade balance across foods & beverages, capital goods, and consumer goods. We expect the services balance to be little changed in February. Overall, we expect the total trade deficit to be -$46.0bn.
10:00 AM ISM non-manufacturing, March (GS 54.6, consensus 54.1, last 53.4)
- Service sector surveys improved in March. The Philly Fed (+10.3pt to +13.9), Richmond Fed (+11pt to +9), and New York Fed (+23.7pt to +12.6) indices all rose (the New York survey is a relatively new and not seasonally adjusted series). The Markit Services PMI also rose (+1.3pt to 51.0), escaping contractionary levels. The ISM non-manufacturing index fell by 0.1pt last month.
Wednesday, April 6
12:20 PM Cleveland Fed President Mester (FOMC voter) speaks
- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the U.S. economic outlook and monetary policy at an …read more
Source: Key U.S. Events In The Coming Week
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Mossack Fonseca: The Nazi, CIA And Nevada Connections… And Why It’s Now Rothschild’s Turn
By Tyler Durden
For all the media excitement about the disclosed names in the “Panama Papers” leak, in this case represented by the extensive list of Mossack Fonseca clients, this is not a story about which super wealthy individuals did everything in their power, both legal and illegal, to avoid taxes, preserve their financial anonymity, and generally preserve their wealth. After all, that’s what they do, and it should not come as a surprise that they will always do that, especially following last year’s disclosure by the same
These include the Nazis, the CIA, Mexican drug lords, and of course, the U.S.
First, here is the Nazi and CIA connection:
Jurgen Mossack’s family landed here in the 1960s. During World War II, his father had served in the Nazi Party’s Waffen-SS, according to U.S. Army intelligence files obtained by the ICIJ. Once in Panama, the elder Mossack offered to spy on communists in Cuba for the CIA. (Mossack Fonseca said the firm “will not answer any questions related to private information regarding our company founding partners.”)
Here is the connection to Mexican drug lord Rafael Caro Quintero, and perhaps to the DEA:
Many times Mossack Fonseca has had no clue which nefarious characters were doing what with the companies the firm created – as when Jurgen discovered in 2005, according to internal emails, that he was the registered agent and listed as the director for a company controlled by the Mexican drug lord Rafael Caro Quintero. The co-founder of the Guadalajara Cartel was convicted in Mexico in 1985 for the brutal murder of U.S. DEA agent Enrique “Kiki” Camarena. (Today, Quintero is again considered a fugitive by the US after walking out of prison in 2013 on a technicality).
Mossack Fonseca’s senior partners instructed an employee to carry out their resignation from the company upon the discovery. “Pablo Escobar was like a newborn compared to R. Caro Quintero!” Jurgen wrote in reaction to the news. “I wouldn’t want to be among those he visits after he leaves prison!”
And then there is the state of Nevada:
In 2013, an Argentine prosecutor’s report linked Nevada-incorporated shell companies involved in a major corruption scandal to Mossack Fonseca. When those shell companies became the subject of a federal court battle in Nevada, the leaked files show, Mossack Fonseca employees took steps to remove paper records and to wipe computer files and phone logs at its Las Vegas office. One employee even traveled from Central America to Nevada to bring back files. “When Andrés came to Nevada he cleaned up everything and brought all documents to Panama,” according to an email dated Sept. 24, 2014.
Mossack Fonseca said it “categorically” denies hiding or destroying documents in its statement to the ICIJ: “Let us be clear that it is not our policy to hide or destroy documentation that may be of use in any ongoing investigation or proceeding.”
The leaked records also contradict sworn testimony by Jurgen …read more
Source: Mossack Fonseca: The Nazi, CIA And Nevada Connections… And Why It’s Now Rothschild’s Turn
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Donald Trump Is Starting To Sound Just Like The Economic Collapse Blog (And That Is A Good Thing)
Guess what Donald Trump is saying now? Last week, I discussed how Robert Kiyosaki and Harry Dent are warning that a major crisis is inevitable, but I didn’t expect Donald Trump to come out and say essentially the exact same thing. On Saturday, the Washington Post released a stunning interview with Donald Trump in which he boldly declared that we heading for a “very massive recession”. He also warned that we are currently in “a financial bubble” and that “it’s a terrible time right now” to be investing in stocks. These are things that you may be accustomed to hearing on The Economic Collapse Blog, but to hear them from the frontrunner for the Republican nomination is another thing altogether.
Whether you plan to vote for Donald Trump or not, at least we can all appreciate that he doesn’t talk like a politician. He tells it like he sees it, and he told the Washington Post that he considers the official unemployment rate that is put out by the Obama administration to be completely fraudulent…
“First of all, we’re not at 5 percent unemployment. We’re at a number that’s probably into the twenties if you look at the real number,” Trump said. “That was a number that was devised, statistically devised to make politicians — and, in particular, presidents — look good. And I wouldn’t be getting the kind of massive crowds that I’m getting if the number was a real number.”
And before you dismiss this, perhaps you should consider that the Federal Reserve also considers the government unemployment number to be so inaccurate that they secretly have been calculating the unemployment rate on their own…
Because it distrusted the Labor Department’s unemployment statistics, the Federal Reserve — without any fanfare — started calculating its own jobless rate two years ago.
And the Fed’s calculation, called the Labor Market Conditions Index, or LMCI, shows that the US unemployment rate in February was 5.8 percent. That’s much higher than the 4.9 percent official jobless rate reported by the Labor Department.
Of course if truly honest numbers were being used, the unemployment rate would not be anywhere close to this range. According to John Williams of shadowstats.com, the broadest measure of unemployment is currently sitting at 22.9 percent.
And just last week I showed my readers that 23.2 percent of all Americans in their prime working years do not have a job right now, and that inactivity rates for both men and women in the U.S. are currently far higher than they were during the last recession.
So when Donald Trump says that we are at an unemployment number “that’s probably into the twenties”, I would have to rate that statement as mostly true.
Of course things are about to get a whole lot worse. According to Challenger, Gray & Christmas, job cut announcements by major firms were up 32 percent during the first quarter of 2016 compared to the first quarter of 2015.
When big corporations are doing well, they tend to hire …read more
Source: Donald Trump Is Starting To Sound Just Like The Economic Collapse Blog (And That Is A Good Thing)
Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production
By Tyler Durden
In the aftermath of Bloomberg’s surprising Friday report, according to which Saudi Arabia flipflopped on its previous promise that it would freeze its oil output while allowing Iran to grow supply until it hit its pre-embargo peak, instead saying that it would only join the freeze curbe Iran – and all other OPEC member nations – also joined, crude tanked.
Today, what little hope there may have been that Iran will suddenly change its mind and join the production freeze evaporated on Sunday when Iran’s oil minister rejected a Saudi demand to stop throttling up its petroleum production. As the
Iranian Oil Minister Bijan Zanganeh
As the WSJ notes, Zanganeh’s remarks were his first comments since a report emerged last week that Saudi Arabia, the world’s largest crude exporter, would limit its production only if Iran followed suit.
The dueling positions by the Middle East’s two biggest rivals for power and economic might have set off a scramble among other oil-producing nations to salvage a deal to freeze their output and stop growth in the world’s petroleum supplies. Global oil production outpaces demand by almost two million barrels on any given day, sending prices to their lowest levels in over a decade.
Ironically, in advance of the Doha meeting which many thought had a chance of reaching some agreement, other OPEC members had pushed their oil production to the limit, flooding the market with even more excess supply. Most will find it virtually impossible to throttle production back.
As a reminder, Saudi Arabia and other members of the 13-nation Organization of the Petroleum Exporting Countries are set to meet with nonmembers like Russia on April 17 in Doha to hash out a production freeze.
The Bloomberg report on Friday. citing an interview with the kingdom’s Deputy Crown Prince Mohammed bin Salman, shocked Saudi Arabia’s Arab allies in the Persian Gulf.
Before the prince’s comments, Saudi Arabia had been signaling it would hold production steady, instead of increasing, even if Iran ramped up its output. Iran just received relief from Western sanctions that had crippled its oil industry and is increasing output to achieve presanctions levels.
As for Iran, it is merely sticking to what it has said before it would do: Zanganeh told Iran’s semiofficial Mehr News Agency that he still intended to bring Iran’s oil production to its presanctions level of four million barrels a day an increase of one million barrels a day compared with late 2015.
As noted above, Iran’s oil and gas condensate exports rose by 250,000 barrels a day in March to surpass two million barrels per day, the ministry’s Shana news service quoted Mr. Zanganeh as saying.
Even though Mr. Zanganeh told Mehr he would certainly attend the Doha meeting if “he had time,” his refusal to heed to Saudi demands that Iran freeze its output calls the success of the upcoming meeting into question.
With the Iran breaking ranks, …read more
Source: Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production
IMF’s Lagarde Responds To Tsirpas: Calls Use Of Credit Event As Negotiating Tactic "Simply Nonsense"
By Tyler Durden
After last night’s oddly drafted letter by the Greek PM Tsipras (which contained a combination of typed text and scribbles) to IMF head Lagarde in the wake of the Wikileaks revelation which was interpreted by many, the Greek government included that the IMF would seek a “credit event” to facilitate its debt-reduction negotiations with Angela Merkel, it was only a matter of time before the IMF had to officially respond to the Greek premier and population. She did so moments ago.
The highlights:
- … any speculation that IMF staff would consider using a credit event as a negotiating tactic is simply nonsense
- … if it were necessary to lower the fiscal targets to have a realistic chance of them being fully met, there would be an attendant need for more debt relief.
- … this weekend’s incident has made me concerned as to whether we can indeed achieve progress in a climate of extreme sensitivity to statements of either side
- … I have decided to allow our team to return to Athens to continue the discussions.
- … it is critical that your authorities ensure an environment that respects the privacy of their internal discussions and take all necessary steps to guarantee their personal safety.
- … the IMF conducts its negotiations in good faith, not by way of threats, and we do not communicate through leaks
- … I also look forward to any personal conversation with you on how to take the discussions forward.
Dear Prime Minister,
Thank you for your letter of April 2, in which you ask about the IMF’s position regarding the program negotiations with Greece.
My view of the ongoing negotiations is that we are still a good distance away from having a coherent program that I can present to our Executive Board. I have on many occasions stressed that we can only support a program that is credible and based on realistic assumptions, and that delivers on its objective of setting Greece on a path of robust growth while gradually restoring debt sustainability.
Otherwise it would fail to re-establish confidence, with the implication, among others, that Greece would soon again be forced to adopt yet more measures. Of course, any speculation that IMF staff would consider using a credit event as a negotiating tactic is simply nonsense.
As you and I have discussed several times, including recently on the telephone, I have been consistent in pointing out that, if it were necessary to lower the fiscal targets to have a realistic chance of them being fully met, there would be an attendant need for more debt relief. In the interest of the Greek people, we need to bring these negotiations to a speedy conclusion.
I agree with you that successful negotiations are built on mutual trust, and this weekend’s incident has made me concerned as to whether we can …read more
Source: IMF’s Lagarde Responds To Tsirpas: Calls Use Of Credit Event As Negotiating Tactic "Simply Nonsense"
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Off The Grid Indicators Reveal True State Of U.S. Economy
By Tyler Durden
From Nicholas Colas at Convergex
Our basket of unorthodox economic indicators shows an American economy in a state of flux. On the plus side, used vehicle prices remain stable and pickup truck sales still show positive comps to last year. Light vehicle dealer inventories at 68 days supply are normal for this time of year, as long as car and truck demand hold up through the spring selling season. Google still autofills “I want to buy” with “a house” first and now “a timeshare” is second, showing continued strong consumer interest in both primary and discretionary housing. On the downside, food stamp program participation is still running +45 million individuals and +22 million households, down only modestly from the +48 million participants at the peak in 2013. Our proprietary “Bacon Cheeseburger Index” shows deflationary pressure on par with 2009 and 1998, pulling consumer inflationary expectations lower. And firearm background checks by the FBI both ramped to new highs in 2015 (+23 million) and show +40% year over year comps in the first two months of 2016.
There is a t-shirt popular in certain parts of the U.S. that bears the following message: “Alcohol, Tobacco, Firearms… Who’ s bringing the chips?” Yes, ladies sizes are also available. And if casual clothing isn’t your thing, the same sentiment is available on caps, mugs, patches, greeting cards and bumper stickers. Just Google the term and you’ll see a wide variety of options.
If that sentiment abhors or confounds you, I can understand. America is a large country, both in terms of geographic and ideological span. What gets taken for granted in Manhattan draws a quizzical eye in Moline or Monsey, and vice versa.
Just as it pays to travel through America to understand it completely, we also believe it pays to look beyond the customary economic data to really get under the hood of the domestic economy. We’ve been doing this piece quarterly, highlighting these “Off the Grid” economic indicators, for 5 years now and they never fail to both illuminate and entertain. We’ve included our customary chart deck in the attached document, but the rest of this report will be a highlight reel of this quarter’s findings.
Take one simple example: inflation.
- Academic discussions center on either growth in the money supply or the change in the general price levels of goods and services. Core PCE (the Fed’s preferred measure) is currently +1.7%, but we all heard Fed Chair Yellen’s skepticism on this data during her speech this week.
- The Fed Chair is right to be cautious, for it is inflationary expectations that really matter. If the population believes prices will decline in the future, or at least become relatively less dear, they will delay consumption today. Look for “Japan” in the economic dictionary to understand the consequences. To understand where consumer inflation expectations are going, you would do well to consider a …read more
Source: Off The Grid Indicators Reveal True State Of U.S. Economy
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