Citigroup engaged in a massive fraud scheme against Japanese Banks

An article via WMR(Wayne Madsen Report):

Intelligence agencies in China and Japan are focusing on the role of a successor entity of Salomon Brothers as being behind a fraud against Japanese banks by the U.S. Treasury, the Federal Reserve, and Wall Street to bail out unscrupulous Wall Street bankers and mega-investors.

Citigroup has managed to take over all of Lehman Brothers’viable assets, it was leaving the US bankruptcy court holding the debt of the failed securities firm. Lehman had borrowed billions from two Japanese Banks, Nomura and Sumitomo Mitsui, to stay afloat. WMR’s Asian Intelligent sources reported that the Salomon division of Citigroup engaged in a massive fraud scheme with connivance of the Treasury Department of Henry Paulson and the Fed of Ben Bernanke.

WMR has also learned that a number of CIA officers are in Beijing to try to prevent a united Asian front against Washington’s and Wall Street’s attempts to call the shots on the global financial crisis. The CIA’s top priority is to ensure that nothing interferes with China’s continued backing of the U.S. dollar.

Read the full article here.

Sources :

Global Research: Wall Street and Washington conspired to defraud Japanese banks, November 19, 2008

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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Analysts cut the worldwide PC shipments forecast for 2009

iSuppli Corp, An Analyst Firm, on Thursday cut its forecast of the worldwide PC shipments for 2009. The shipments are predicted will rise by 4.3% in 2009, down from its previous forecast of 11.9% growth. The expectation for 2010 shipments is also slashed to 7.1% from the initial prediction of 9.4%.

The reasons of its forecast cut are:

• The landscape of the global economy has changed dramatically, and in many ways irrevocably
• The result of the financial turmoil is less money to spend. It has impacted to application markets, like PCs.
• For 2009, consumers and businesses will be more focused on paying mortgages or their staff’s wages than investing in new hardware. The one anomaly in that theory, though, is the slew of new netbooks hitting the market.

iSuppli noted that While desktop shipments are expected to drop by 5% but laptop shipments will grow by 15%. Much of that growth is being attributed to the increasing interest in low power and low priced netbook.

Netbook is a version of mini laptop that is designed for basic applications, such as web-surfing, e-mailing and word processing. Netbook is designed to consume less power than traditional PC and laptop. The price is relatively inexpensive.

iSuppli also cut its projection of semiconductor sales for 2008, on Wednesday. The sales will decline by 2% to $266.6 billion this year from about $272 billion in last year. The negative momentum will continue into the fourth quarter of this year along with predicted overall markets drop of 10.9%.

Related Posts :

Spending in IT to slowdown; Microsoft to offer 0% Financing

Sources :

Computer World: Analysts slash 2009 PC forecast by two-thirds, November 21, 2008

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.

The Hijack of Saudi’s Super Tanker could have impacts to International crisis

The Hijack of Saudi’s Super Tanker is a domestic situation in Somalia that could have impacts to International crisis. The increasing piracy attack has doubled this year compared to last year and it’s clear an extended escalation of the threat to global shipping in extended region.

Consequently, shipping cost will increase from the insurance premium along with increasing shipping security woes. But the hijacking Saudi’s Super Tanker is still not getting attention enough from the other governments in which their economy mostly depend on global shipping activities even though piracy activities could halt international trade. It reminds us that in the last era of Rome Empire, its economy had been decayed by the increasing piracy activities.

Oil prices are vulnerable to the supply issues. When the piracy news came on November 17, the oil prices were up by $1 to $58 a barrel as markets reacted to the supply threats. Even the next day oil prices backed to down because of the bearish trend of the global commodities market.

The current international shipping is facing two crucial threat increments that could halt international trade:

1. Increasing shipping cost is due to increasing piracy activities.
2. Letter of credit (LC) frozen is due to liquidity crisis, see.
   

What we should know is the pirate booming in along the Somali east coast through the Gulf of Aden is due to instability of the country. It has been forcing Capitalist in New York and London to pumping millions of dollars.

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.