Court Declares That, Yes, Bloggers Are Media

Court Declares That, Yes, Bloggers Are Media (Techdirt, April 16, 2014):

A few years ago, we wrote about the bizarre and quixotic effort by Florida businessman Christopher Comins to find any possible way to sue University of Florida student and blogger Matthew Frederick VanVoorhis for his blog post concerning a widely publicized event in which Comins shot two dogs in a field (video link). The story made lots of news at the time, but Comins didn’t go after any of the major media — instead targeting VanVoorhis for a defamation suit. The original blog post is “novelistic” but it’s difficult to see how it’s defamatory. Either way, Comins’ case was shot down on fairly specific procedural grounds: namely that Florida defamation law requires specific notice be given to media properties at least 5 days before a lawsuit is launched. Specifically, the law says:

Read moreCourt Declares That, Yes, Bloggers Are Media

President Obama: ‘Stop Focusing On The Bloggers’ (Video)

Obama: “Stop Focusing On The Bloggers” (ZeroHedge, Oct 17, 2013):

Fast forward to 5’40” in Obama’s speech delivered earlier today.


YouTube Added: 17.10.2013

It is here that he makes the following statement:

“Now that the government has reopened and this threat to our economy is removed, all of us need to stop focusing on the lobbyists, and the bloggers, and the talking heads on radio and the professional activists who profit from conflict, and focus on what the majority of Americans sent us here to do, and that’s grow this economy, create good jobs, strengthen the middle class, educate our kids, lay the foundation for broad-based prosperity and get our fiscal house in order for the long haul.”

We will ignore the irony of a president talking about “profiting from conflict” when less than two months ago the world was on the verge of World War III over a fabricated, false flag-driven invasion “confirmed” by YouTube clips, and designed entirely by this administration to further (and profit) its Saudi and Qatari interests, and which was halted in the last minute thanks to none other than the Russian president, and ask: instead of stopping to “focus on bloggers” who merely do the math in a world in which math is long forgotten, let’s for one month, week or day, simply halt the Federal Reserve’s circular monetary authority which now purchases virtually all issued US Treasurys that carry any duration risk.

Read morePresident Obama: ‘Stop Focusing On The Bloggers’ (Video)

Edward Snowden’s ‘Shocked’ Girlfriend Lindsay Mills Takes Down Her Blog, Keeps These Flickr Photos Online

I’ve always told people NOT to put their stuff online!



Click on images to go to her Flickr Photos

Snowden’s “Shocked” Girlfriend Takes Down Her Blog, Keeps Flickr Photos Online (ZeroHedge, June 12, 2013):

The search for more clues about Edward Snowden’s life and motivations inevitably led the mainstream media to his longtime girlfriend Lindsay Mills, 28, who until recently described herself as “world-traveling, pole-dancing super hero.” Why past tense? Because as of today, her blog, L’s Journey, no longer exists. Of course, this being the NSA-controlled internet, there is always a cached (we use the term loosely) version of everything somewhere, and the full blog can be found at the following link.

Of note is the body in the last blog post:

Read moreEdward Snowden’s ‘Shocked’ Girlfriend Lindsay Mills Takes Down Her Blog, Keeps These Flickr Photos Online

Superman Quits The Daily Planet – Over The State Of Journalism – Is Likely To Become An Online Blogger

… and with close to zero income as online blogger you better be Superman!


Superman’s alter ego Clark Kent is to quit The Daily Planet newspaper in protest at the state of modern journalism.


Clark Kent is likely to become an online blogger rather than attempt to find work at another of Metropolis’s media outlets

Superman quits The Daily Planet – over the state of journalism (Telegraph Oct 23, 2012):

For more than 70 years Superman has fought off a host of enemies, who have tried and failed to get the better of him.

But finally the Man of Steel has been worn down, to the point of submission.

It is not his arch nemesis Lex Luthor who has finally defeated Clark Kent however, rather it is the state of modern journalism.

Read moreSuperman Quits The Daily Planet – Over The State Of Journalism – Is Likely To Become An Online Blogger

Health Blogger Threatened With Up To 120 Days In Jail For Advocating Paleo Diet That Cured His Diabetes

And by the way:

The Gerson Therapy cures diabetes II within 7 to 14 days. And that is not an advice. It’s a fact!


Health blogger threatened with jail time for advocating Paleo diet that cured his diabetes (Natural News, April 26, 2012):

Internet free speech is under assault in America, and a dangerous new trend has surfaced that threatens to throw nutritional bloggers in jail for advocating healthy diets on their blogs or websites. As you read this, a blogger who wrote about using the Paleo diet to overcome diabetes is being threatened with jail time in North Carolina, where the state Board of Dietetics / Nutrition claims his nutritional advocacy is equivalent to the crime of “practicing nutrition without a license.”

His name is Steve Cooksey, and his website is http://www.diabetes-warrior.net

He’s being targeted by state “dieticians” (which is another word for “nutritional moron” as you’ll see below) who say that Chapter 90, Article 25 of the North Carolina General Statutes makes it a misdemeanor to “practice dietetics or nutrition.” His website’s advocating of the Paleo diet for individuals who have health challenges is, they claim, a violation of law.

So they’ve threatened him with arrest if he does not take down his website… or at the very least stop advocating the Paleo diet to readers.

Criminalizing health advice

Read moreHealth Blogger Threatened With Up To 120 Days In Jail For Advocating Paleo Diet That Cured His Diabetes

JPMorgan’s Blythe Masters On The Blogosphere, Silver Manipulation, Gold-Axed Clients And Doing The ‘Wrong’ Thing (VIDEO)

Important flashback:

– Blythe Masters: JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

More on JPMorgan:

No.1 Trend Forecaster Gerald Celente: The Entire Financial System Is Collapsing! – This Is FASCISM! (Video, March 26, 2012 )

TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives

Congressional Investigators: MF Global’s Jon Corzine Ordered Funds Moved To JP Morgan

CFTC Pulls ‘JPMorgan Whistleblower’ Letter:

However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.

On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

Lord James Of Blackheath, House Of Lords, February 16, 2012 (Video): FOUNDATION X UPDATE!!!

Who Gave Permission To A Bankrupt MF Global To Sell Italian Bonds To JP Morgan At A 5% Discount To Market Value?

The Great Wall Street Rehypothecation Scandal: ‘Engaging In Hyper-Hypothecation Have Been … JP Morgan($546.2 Billion) And Morgan Stanley ($410 Billion)’

The Federal Reserve And The $16 Trillion Bankster Bailout

Coming Derivatives Crisis Designed To Destroy The Entire Global Financial System: $600 TRILLION To $1.5 QUADRILLION Worldwide Derivatives Market – World GDP At Around $65 Trillion


Blythe Masters On The Blogosphere, Silver Manipulation, Gold-Axed Clients And Doing The “Wrong” Thing (ZeroHedge, April 5, 2012):

In an article that is about three years overdue, “JPMorgan’s practices bring scrutiny” the FT finally takes aim at that other “vampire squid”, JP Morgan, which technically is incorrect: because if Goldman is a nimble and aggressive creature, with infinite tentacles in every governmental office, and unencumbered by massive liabilities, JPMorgan is just as connected, but unlike Goldman, it is a behemoth in every other possible capacity, and with its trillion in deposits, matched by tens of billions in bad loans, is a true Bank Holding Company. As such ‘Jabba the Hutt‘ would be a far more appropriate allegory to describe the the firm, whose reach, scope and scale lead the FT to classify it as “Three times a pallbearer, never a corpse.

As some may recall, back in October 2009, Zero Hedge did an exhaustive expose on the relationship between JPMorgan and the then version of MF Global, Lehman Brothers, whose perfectly functioning division, its North American Brokerage, ended up being scooped up by Barclays for pennies on the dollar. In the meantime, however, JPMorgan, with the backing of the Fed, proceeded to demand as much extra collateral for Lehman repo positions on hold with JP Morgan and the Tri-Party repo system, of which JPM is one of only two custodians, simply because it could, and because this is the easiest way for the bank that is even closer to the Fed than Goldman Sachs, to procure liquidity during times of broad distress. Such as when the money market is about to freeze to death. Since then, the topic of just how much JPMorgan may have ripped off the Lehman estate has escalated, and is set to be an epic showdown in the form of a lawsuit which “accuses JPMorgan of using its “life and death power as the brokerage firm’s primary clearing bank” to put a “financial gun” to its head and demand excess collateral.” And here is the kicker: “It claims JPMorgan abused its access to US government officials and then “accelerated Lehman’s free fall into bankruptcy”, hoovering up collateral to protect itself to the detriment of the firm and other eventual creditors.”

And therein lies the rub: because of all TBTF banks, JPMorgan is literally at the nexus of the entire $16 trillion shadow banking system, the very system that the Fed, much more than traditional liabilities, knows and uses constantly to hypothecate and rehypothecate assets, in essence creating money out of nothing, and which in conjunction with the other Tri-Party repo dealer, Bank of New York, as well as State Street, provides the US financial system with over $30 trillion in shadow credit money in the form of custodial assets – liquidity the bulk of which is not accounted for in any conventional monetary textbook or in any modern theory of money as it is such a novel development, yet which is still 100% fungible, and is by far the biggest secret of the American monetary system. It can be seen as summarized in the following graphic, first created by Citi’s Matt King back in the week before Lehman failed (full report can be read here, and should be by anyone who wishes to understand just what is truly going on behind the scenes in modern finance).

Keep in mind, these are the same custody assets which, as explained previously in the case of MF Global, can be rehypothecated in serial fashion, creating a virtually infinite amount of “money” as long as everyone who is in on the fraud agrees to maintain the ponzi. Of course, if and when someone demands delivery of an underlying assets, the whole thing falls apart, which is what happened with AIG, with Lehman, and to a smaller degree, MF Global.

So what does all of this have to do with Blythe Masters?

Simple.

At the end of the day, and as the Lehman lawsuit alleges, JPMorgan has intimate access to US government officials, and particularly the Federal Reserve, who will in turn take advantage of all JPM facilities, including its trading desk, to preserve the sanctity and foundations of the $30+ trillion in custodial assets and rehypothecation system, which further means that any potential implication that fiat money is impaired has to be wiped out. As it so happens, soaring prices of gold and silver are the primary if not only means left to express rising doubts in the future viability of the dollar, but in the viability of the fiat system in the first place. Which means that the Fed is, without a doubt, one of the biggest “clients” of the Fed in a symbiotic crosshold, where what the Fed wants, JPM has to execute and vice versa.

This brings us to the transcript of Blythe’s interview on CNBC, in which a primary topic, ironically, was whether or not Jamie Dimon’s firm manipulates the prices of precious metals, and particularly silver. What followed was the usual avalanche of platitudes that only a muppet can love:

  • “JPM’s commodities business is not about betting on commodity prices but about assisting clients”… “it’s about assisting clients in executing, managing, their risks and ensuring access to capital so they can make the kind of large long-term investments that are needed in the long run to expand the supply of commodities”…
  • There’s been a tremendous amount of speculation particularly in the blogosphere on this topic. I think the challenge is it represents a misunderstanding as the nature of our business. As i mentioned earlier, our business is a client-driven business where we execute on behalf of clients to achieve their financial and risk management objectives. The challenge is that commentators don’t see that. So to give you a specific example, we store significant amount of commodities, for example, silver, on behalf of customers we operate vaults in New York City, Singapore and in London. And often when customers have that metal stored in our facilities, they hedge it on a forward basis through JPMorgan who in turn hedges itself in the commodity markets. If you see only the hedges and our activity in the futures market, but you aren’t aware of the underlying client position that we’re hedging, that would suggest inaccurately that we’re running a large directional position. In fact that’s not the case at all.
  • “We have offsetting positions. We have no stake in whether prices rise or decline. Rather we’re running a flat or relatively flat matched book.
  • “What is commonly out there is that JPMorgan is manipulating the metals market. It’s not part of our business model. it would be wrong and we don’t do it.”

Ah yes, because JPMorgan never engages in “wrong” activites…

And while we admire JPM’s naive statement that it can triple its commodities revenues to $2.8 billion in 2011, while everyone else was losing money in the space, without taking prop bets, we just don’t buy it. Just as we didn’t buy Goldman’s explanation that its prop desk only accounted for 12% of that firm’s revenue, as Goldman told us directly (coupled with our challenge of prop trading in 2009, a pursuit taken on by Paul Volcker a few weeks later, resulting in the Volcker Rule). Needless to say, once the firm did break out its prop trading, it became quite clear just how huge of a factor prop trading truly was for Goldman. Because taken at face value, it would mean that all else equal, JPMorgan transacted at least 3 times more in flow in 2011 than in 2010. Yet, everyone knows that trading volumes in 2011 slumped relative to 2010. So no, Blythe, we appreciate your explanation, but we would appreciate the truth even more.

And yet there is one simple explanation that would make Blythe’s story 100% correct: would JPMorgan consider the Fed, whose interests in keeping the price of precious metals as low as possible, and are aligned with those of JPM for the reasons listed above, its client?

Because if so, then absolutely everything falls into place, as JPMorgan is merely the overt conduit by which the Fed, and specifically the New York Fed, conducts monetary policy in the commodities space, just as Brian Sack would conduct open market operations in the bond arena, and as the FRBNY uses, on occasion, Citadel, and its HFT expertise, to execute its discretionary stock trades (yes, we know about those too).

We would welcome Blythe’s comments on any and all of the topics listed above.

In the meantime, for those who missed it, here’s Blythe.

For Bloggers at Risk: Creating A Contingency Plan

For Bloggers at Risk: Creating a Contingency Plan (Electronic frontier Foundation, Dec. 21, 2011):

In 2011, we have witnessed the incredible power of bloggers and social media users capturing the world’s attention through their activism. At the same time, regimes appear to be quickening the pace of their cat-and-mouse game with netizens, cracking down on speech through the use of surveillance, censorship, and the persecution and detention of bloggers. The increasingly the tech-savvy Syrian regime has been reported to demand login credentials from detainees, for example, while the use of torture in some of the region’s prisons continues.

Read moreFor Bloggers at Risk: Creating A Contingency Plan

China Cracks Down On Popular Microblogging Sites

China cracks down on microblogging rumours that are ‘worse than cocaine’ (Guardian, Dec. 6, 2011):

Official Chinese media say that rumours spread on popular microblogging sites are damaging to society

Online rumours are drugs that damage users and harm society, the Chinese state media have claimed, as officials step up attempts to rein in the country’s hugely popular microblogs.

One commentary, published by the official Xinhua news agency, warns that while heroin and cocaine damage health, internet rumours are worse because they “poison the social environment and affect social order”.

Another, on People’s Daily Online, is titled: “Internet rumours are drugs: please resist and stay away from them.” It calls for zero tolerance, suggests they “damage people and society” as narcotics do, and accuses rumour-mongers of having ulterior motives and “kidnapping public opinion”.

Read moreChina Cracks Down On Popular Microblogging Sites