Posted by: quiscus | November 24, 2012

November 24, 2012

1. “Big Banks Use the Shadow Banking System to Commit Massive Accounting Fraud

Staggering Levels of Fraud For Years On End …

The shadow banking system is bigger now than when the financial crisis started.

Not only does that e destabilize the economic system, but it allows for pervasive fraud.

As Max Keiser explains, massive fraud has continuously taken place over many years … as banks shift their liabilities into the shadow banking system during audit time – with the help of accounting firms and the government – and then bring them back onto the books as soon as the auditor leaves:

At the end of the quarter – when they’re supposed to report to regulators their balance sheet, the liabilities and assets that they have – they will temporarily put all of the liabilities … they’ll park them in the shadow banking system.

In other words, they won’t report the liabilities … therefore making their profits look greater than they are.

And then when the regulators move on to the next company, they download the liabilities once again. And they do this on a quarter by quarter basis.

This is done by all of the Fortune 1,000 companies. They’re engage in massive accounting fraud to cook their books.

These 4 remaining big accounting firms are involved day in and day out with massive accounting fraud.”

http://www.washingtonsblog.com/2012/11/massive-accounting-fraud-using-shadow-banking-system.html

2. “When Propaganda Masquarades as News

Such methods are on full display in the reportage of Israel’s most recent operation in Gaza. The use of such propaganda fits within a broader campaign of media disinformation that subdues potential outrage—particularly in the US—over Israel’s overwhelming use of force against an oppressed and vulnerable people, most of whom are civilians.

Meaningful historical context for understanding Israel’s aggression is almost entirely absent from most Western news coverage of the event. If present, such context would illuminate Israeli government officials’ true motivations for a military venture that involved 750 airstrikes in four days alone. “’Operation Pillar of Defense,’” Nile Bowie observes,

launched just months away from Israel’s elections, is a calculated component of the Netanyahu government’s strategy to topple Hamas and continue absorbing Palestinian territory. Decades of occupation and apartheid have shaped the current scenario; Israel has dehumanized an entire people by seizing their land and forcing them into prison-like ghettoes. Adherents to political Zionism have shown contempt for a genuine political solution to the Palestinian conflict, and the Netanyahu administration is poised to crush all opposition to the Jewish state.[1]

Apart from Western alternative media such critical details were quickly dispatched to the memory hole. Major news outlets almost systematically relied on Israeli government, military, and intelligence sources to shape its coverage, where Jabari was reviled as “the commander of the military wing of Hamas.”

Press coverage further underlines what clearly does not exist in Gaza: a parity of deadly force between the IDF and Palestinians and, moreover, Israel’s victimization at the hands of militant Palestinians. Terms such as “clash,” “conflict,” and “violence” misleadingly suggest exactly these conditions and anticipate permissible actions in a field of battle provided for under the Geneva Conventions. Such terms contrast greatly with aerial attacks using state-of-the-art weaponry on unarmed women and children.

Nevertheless, CBS News presented a timeline of events in Gaza that fit well alongside Israel’s public relations maneuvers seeking to downplay the IDF’s overt aggression.

Given the relevant history and facts most observers would conclude that at the end of the day the leading concepts—land rights, human dignity, justice and respect—must be understood and reconciled before there can be peace in Palestine. The fact that much of the American public especially is misinformed or unaware of the profuse atrocities and injustices committed with its tax dollars and tacitly in its name attests to the continued centrality of propaganda, made all the more effective in its thoroughgoing attempt to masquerade as news.”

http://www.globalresearch.ca/when-propaganda-masquarades-as-news/5312677

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: