Daily Archives: November 15, 2015

The False Flag Link: Syrian Passport “Found” Next To Suicide Bomber Was “Definitely A Forgery”

Yesterday, when we explained just how the tragic events in France over the past 48 hours unfolded precisely as we predicted they would two months ago (ironically, as per our post from September 11, 2015) we commented on the oddly fortuitous discovery of an intact Syrian passport found next to the body of one of the suicide bombers, a passport which Greece chimed in as belonging to a Syrian refugee who had entered the country at Leros on October 3, 2015 from where he subsequently travelled all the way to Paris.

Then a Greek newspaper, Protothema, said he was travelling with a second man, Mohammed Almuhamed, and published pictures purporting to show their travel documents. The Guardian proposed the following map to track Ahma’s progress across Europe:

Some more details courtesy of IBTimes:

The Syrian passport recovered from near one of the Paris attackers may be fake, a US intelligence official told CBS news. The document did not contain the correct numbers for a legitimate Syrian passport and the picture did not match the name, said the official.

The passport found near the body of one of the eight attackers who struck on Friday, 13 November, was used to enter the European Union through Greece in October. The Serbian interior ministry said that the passport was used to enter that country on 7 October, by a man claiming refugee status.

Guardian’s Patrick Kingsley attempts an explanation:

There are several reasons why it’s worth waiting until all the facts are known before making too strong a link between the attacks and the refugee crisis. The first is a general one: on at least 12 occasions, Isis has actually criticised refugees for fleeing to Europe. “For those who want to blame the attacks on Paris on refugees, you might want to get your facts straight,” wrote Aaron Zelin, an analyst of jihad, in an online commentary about the 12 outbursts. “The reality is, [Isis] loathes that individuals are fleeing Syria for Europe. It undermines [Isis’s] message that its self-styled caliphate is a refuge.” It’s therefore unlikely that the vast majority of Syrians fleeing to Europe are Isis supporters, since their actions are in obvious contravention of the group’s creed.

The second reason for caution is more specific. Investigators still need to verify the Syrian passport was carried by an attacker rather than a dead bystander (one Egyptian passport-holder initially believed to be an assailant turned out to be an injured victim). They will then need to be certain that the passport’s carrier was the same as the passport’s legitimate owner.

It’s possible that it was stolen. Since the possession of a Syrian passport makes it easier to claim asylum in Europe, there is a busy trade in stolen Syrian documents. Syrians interviewed on Greece’s border with Macedonia have described how they were mugged for their passports after leaving the Greek islands as they tried to make their way north through the Balkans. Such passports can be sold on for as much as several thousand euros, in a trade that the EU’s border agency acknowledges is a growing problem. Forgeries are also common; a Dutch journalist recently had one made in the name of his prime minister.

A third red flag is the fact that the passport concerned was found in the first place. Analysts find it strange that a bomber would remember to bring his passport on a mission, particularly one who does not intend to return alive. “Why would a jihadist who expressly rejects all notions of modern citizenship take his passport on a suicide mission?” tweeted Charlie Winter, an analyst focusing on Islamist extremism. “So it gets found.”

One theory is that Isis hopes to turn Europe against Syrian refugees. This would reinforce the idea of unresolvable divisions between east and west, and Christians and Muslims, and so persuade Syrians that Islamic State’s self-proclaimed caliphate is their best hope of protection. “You know what pissed off Islamist extremists the most about Europe?” summarised Iyad El-Baghdadi, an activist and jihadi-watcher, on Twitter. “It was watching their very humane, moral response to the refugee crisis.”

His conclusion:

“Whether the passport was planted, stolen, forged or genuine, investigators should find out the truth soon enough. But regardless of what they discover, a wider debate has now begun about the wisdom of letting so many unknown migrants enter Europe through its southern borders, and being allowed to move onwards through the continent with few restrictions. Already, there are calls to step up the policing of Greece’s maritime border with Turkey, and to block the passage of refugees entirely.”

More from Zerohedge. Click here.

A reminder: 6 of the big banks own 56% GDP in the U.S. economy

There is still a major debate from both parties in the 2016 Presidential debate to whether the big banks need to broken up and restore the Glass-Steagall Act…

A 2014 article in Salon:

Alex Henderson of Alternet shows the disastrous bailouts of the six largest “banks” in the U.S., which resulted from the repeal of Glass-Steagall. Now, we are told that because they were bailed out, they have grown, and are now “Too Big To Fail!” These six parasitic banks now comprise, together, 56% of U.S. GDP.

Bank of America owns 17% of all home mortgages in the U.S., and 12% of all U.S. bank deposits, $50 trillion in derivatives; if it goes under, American taxpayers are “on the hook for $55 trillion in potential losses,” according to Matt Taibbi.

Goldman Sachs assets went from $46 billion in 2007 to a post-bailout $113 billion today.

JPMorgan Chase received $25 billion from the government’s TARP program in 2008, now has $2.4 trillion in assets, and boasts that its value is 12% of the value of the England’s economy.

Wells Fargo had $669 billion in assets before 2008, and today has $1.4 trillion.

Citigroup received a $45 billion bailout in 2008; today its assets are $1.3 trillion. It has $58 trillion in derivatives exposure. While 1,400 banks have disappeared since 2008, Citibank and other TBTF banks have grown larger.

Morgan Stanley was created because of Glass-Steagall, as the Morgan investment bank. In 2013, its assets totaled $832 billion. Morgan Stanley’s exposure to derivatives is $1.7 trillion.

Here are more examples of chart on why the banks are too big to fail:

big banks vs small banks

From Dallas Fed Report in 2011.

NOTES: Percentages reflect share of industry assets. Asset size is based on the total assets of a U.S. banking organization (holding company, when applicable) as of Sept. 30, 2012. 
SOURCES: Call reports (Federal Financial Institutions Examination Council); FR Y-9C filers (National Information Center, Federal Reserve System).

dallas fed chart 2011

The biggest U.S. banks have gotten a lot bigger. Since the early 1970s, the share of banking industry assets controlled by the five largest U.S. institutions has more than tripled to 52 percent from 17 percent.


size of banks

From Dallas Fed Report…

Iowa Democratic Debate: Bernie Sanders Is Really Not Impressed With Hillary Clinton’s Plan For Wall Street

On a side note: Mrs. Clinton’s claim in the debate regarding former Federal Reserve Chairman Paul Volker as being against the re-instatement of Glass-Steagall? Don’t think so.

“Paul Volker’s Quest to Reinstate Glass-Steagall”

Sen. Bernie Sanders (I-Vt.) was not impressed by former Secretary of State Hillary Clinton’s plan to regulate Wall Street.

“I’ve laid out a very aggressive plan to rein in Wall Street, not just the big banks; that’s a part of the problem and I am going right at them, I’ve got a tough plan,” Clinton said, going on to explain how the government needed to regulate the “shadow banking industry” such as hedge funds, insurance companies and investment banks.

“My proposal is more comprehensive than anything else that’s been put forward,” she said.

But Sanders, who has said that Clinton’s donations from Wall Street raise questions, wasn’t persuaded by her answer. Asked for his response to Clinton’s plan, he had a quick reply.

“Not good enough,” Sanders said. “Why, over her political career, has Wall Street been the major campaign contributor to Hillary Clinton? Maybe they’re dumb and they don’t know what they’re gonna get, but I don’t think so.”

Sanders went on to invoke former President Theodore Roosevelt and called for the breaking up of major banks.

“If Teddy Roosevelt, a good Republican were alive today, you know what he’d say? Break them up,” Sanders said.

Read on.