China’s Holdings of U.S. Debt Down 10%

 

(CNSNews.com) – Chinese holdings of U.S. Treasury securities are 10.0 percent below their peak level which was attained in November 2013, according to data published by the U.S. Treasury.

U.S. government debt held by entities in the People’s Republic of China peaked at $1,316,700,000,000 in November 2013, according to the Treasury. Continue reading

Document 17: The smoking gun which links Saudi Arabia to 9/11

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Image: Ghassan Al-Sharbi bio – excerpt from Document 17

 

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Image: Two Questions for US government – excerpt from Document 17

 

 

(TRUNEWS) While reviewing 9/11 documents previously declassified in July 2015, blogger Brian P. McGlinchey discovered a new link between Saudi Arabia and the 2001 terror attacks.

In the seventeenth of the 29 documents released under the Interagency Security Classification Appeals Panel (ISCAP) appeal 2012-48, McGlinchey uncovered that the FBI had located the flight certificate for Ghassan Al-Sharbi — a known al-Qaeda member who trained with the 9/11 hijackers. The report said the Embry Riddle certificate was buried in an underground cache in Pakistan, and was inside an official envelope marked from the Saudi Embassy in Washington.

McGlinchey noted on his blog, 28pages.org that its not uncommon for people to re-use envelopes or to correspond with their nations embassy while living in a foreign country. But did say nonetheless, that this — and the rest of Document 17 — directly indicates another possible connection between the Saudi government, al-Qaeda, and the 9/11 terrorist attack.

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Hedge Fund Hackers Expose Another Vulnerability

Six years ago, during that fateful summer of 2008 when everything began to unravel, we first raised issues of financial terrorism as a risk to the stock markets, our economy, and indeed our way of life. In hindsight, it should be obvious that an attack on our markets does indeed have the potential to attack the very heart of America. Our initial research, later confirmed in a formal Pentagon report, served as the basis for the 2012 bestseller, Secret Weapon; How Economic Terrorism Brought Down the U.S. Stock Market and Why It Could Happen Again.  Overall, we documented a variety of vulnerabilities that could be exploited through hidden market activity, cyber-manipulations, and other subversive efforts. As with any new concept, there was a considerable amount of skepticism. Since then, however, virtually every concept we described has been documented or validated. Continue reading

First a default, then a depression? Some think so

It wouldn’t only cause a depression or another Great Depression, but the Greatest Depression.

Thursday brought a change to that trend, though, as investors heeded a dire message from President Barack Obama, who intimated in a CNBC interview Wednesday that Wall Street was taking the crisis too lightly.

Consequently, stocks sold off sharply and the Treasury Department warned of the dire consequences that might result from a full-blown debt default.

Picking up on that message, Bove said the situation could be more dramatic: A Depression that would cause severe and lasting economic damage.

“The devastation to the United States would be so severe that it would take decades to recover from the Depression caused by a default and the attendant dumping of trillions of dollars of U.S. Treasury securities on the global financial markets,” said Bove, vice president of equity research at Rafferty Capital Markets. Continue reading