Executives at collapsed Iceland bank jailed for fraud


Well, it’s a start…but, for destroying the lives of countless people this sentence is disproportionate to the pain inflicted, nine months to these crooks is more like a slap upside the head and hardly much of a deterrent to psychopathic bankers. Maybe after Icelands successful prosecution, other countries will begin following it’s lead in prosecuting bankers but it’s not going to happen without the will of the people pushing prosecutors to take a stand against this corruption.

Reuters December 29, 2012

REYKJAVIK (Reuters) – Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a 53 million euro loss, in the first major trial of Icelandic bankers linked to the crisis.

All three of the small North Atlantic island’s top banks collapsed in quick succession in October 2008 due to big debts incurred during a rapid overseas expansion.

Glitnir was the first to fall after the collapse of Lehman Brothers caused international credit markets to freeze up.

A Reykjavik court sentenced Glitnir’s former chief executive, Larus Welding, and former head of corporate finance, Gudmundur Hjaltason, each to nine months in jail, of which six months were suspended for two years. They had denied the charges.

Prosecutors said the two approved a loan to a company which owned shares in Glitnir so that the company could in turn repay a debt to Morgan Stanley.

The decision, taken outside the regular decision-making process, meant Glitnir was too exposed to the company and cost the bank at least 53.7 million euros (43 million pounds), the prosecution said.

The sentence was less than the jail terms of at least five years demanded by Iceland’s special prosecutor, who is looking into alleged wrongdoing connected to the crisis.

“We have a conviction, which is of course the main thing,” prosecutor Holmsteinn Sigurdsson told reporters outside the courtroom when asked whether he was disappointed with the length of the sentence.

The special prosecutor is also looking into alleged wrongdoing linked to the collapse of the other two former top banks, Landsbanki and Kaupthing.

(Reporting by Omar Valdimarsson; Writing by Patrick Lannin in Stockholm; Editing by Pravin Char)

http://au.news.yahoo.com/world/a/-/world/15732202/executives-at-collapsed-iceland-bank-jailed-for-fraud/

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Psychiatry goes insane: Every human emotion now classified as a mental disorder in new psychiatric manual DSM-5


(NaturalNews) The industry of modern psychiatry has officially gone insane. Virtually every emotion experienced by a human being — sadness, grief, anxiety, frustration, impatience, excitement — is now being classified as a “mental disorder” demanding chemical treatment (with prescription medications, of course).

The new, upcoming DSM-5 “psychiatry bible,” expected to be released in a few months, has transformed itself from a medical reference manual to a testament to the insanity of the industry itself.

“Mental disorders” named in the DSM-5 include “General Anxiety Disorder” or GAD for short. GAD can be diagnosed in a person who feels a little anxious doing something like, say, talking to a psychiatrist. Thus, the mere act of a psychiatrist engaging in the possibility of making a diagnoses causes the “symptoms” of that diagnoses to magically appear.

This is called quack science and circular reasoning, yet it’s indicative of the entire industry of psychiatry which has become such a laughing stock among scientific circles that even the science skeptics are starting to turn their backs in disgust. Psychiatry is no more “scientific” than astrology or palm reading, yet its practitioners call themselves “doctors” of psychiatry in order to try to make quackery sound credible.

How modern psychiatry really works

Here’s how modern psychiatry really operates: A bunch of self-important, overpaid intellectuals who want to make more money invent a fabricated disease that I’ll call “Hoogala Boogala Disorder” or HBD.

By a show of hands, they then vote into existence whatever “symptoms” they wish to associated with Hoogala Boogala Disorder. In this case, the symptoms might be spontaneous singing or wanting to pick your nose from time to time.

They then convince teachers, journalists and government regulators that Hoogala Boogala Disorder is real — and more importantly that millions of children suffer from it! It wouldn’t be compassionate not to offer all those children treatment, would it?

Thus begins the call for “treatment” for a completely fabricated disease. From there, it’s a cinch to get Big Pharma to fabricate whatever scientific data they need in order to “prove” that speed, amphetamines, pharmaceutical crack or whatever poison they want to sell “reduces the risk of Hoogala Boogala Disorder.”

Serious-sounding psychiatrists — who are all laughing their asses off in the back room — then “diagnose” children with Hoogala Boogala Disorder and “prescribe” the prescription drugs that claim to treat it. For this action, these psychiatrists — who are, let’s just admit it, dangerous child predators — earn financial kickbacks from Big Pharma.

In order to maximize their kickbacks and Big Pharma freebies, groups of these psychiatrists get together every few years and invent more fictitious disorders, expanding their fictional tome called the DSM.

The DSM is now larger than ever, and it includes disorders such as “Obedience Defiance Disorder” (ODD), defined as refusing to lick boots and follow false authority. Rapists who feel sexual arousal during their raping activities are given the excuse that they have “Paraphilic coercive disorder” and therefore are not responsible for their actions. (But they will need medication, of course!)

You can also get diagnosed with “Hoarding Disorder” if you happen to stockpile food, water and ammunition, among other things. Yep, being prepared for possible natural disasters now makes you a mental patient in the eyes of modern psychiatry (and the government, too).

Former DSM chairperson apologizes for creating “false epidemics”

Allen Frances chaired the DSM-IV that was released in 1994. He now admits it was a huge mistake that has resulted in the mass overdiagnosis of people who are actually quite normal. The DSM-IV “…inadvertently contributed to three false epidemics — attention deficit disorder, autism and childhood bipolar disorder,” writes Allen in an LA Times opinion piece.

He goes on to say:

The first draft of the next edition of the DSM … is filled with suggestions that would multiply our mistakes and extend the reach of psychiatry dramatically deeper into the ever-shrinking domain of the normal. This wholesale medical imperialization of normality could potentially create tens of millions of innocent bystanders who would be mislabeled as having a mental disorder. The pharmaceutical industry would have a field day — despite the lack of solid evidence of any effective treatments for these newly proposed diagnoses.

All these fabricated disorders, of course, result in a ballooning number of false positive. As Allen writes:

The “psychosis risk syndrome” would use the presence of strange thinking to predict who would later have a full-blown psychotic episode. But the prediction would be wrong at least three or four times for every time it is correct — and many misidentified teenagers would receive medications that can cause enormous weight gain, diabetes and shortened life expectancy.

But that’s the whole point of psychiatry: To prescribe drugs to people who don’t need them. This is accomplished almost entirely by diagnosing people with disorders that don’t exist.

And it culminates in psychiatrists being paid money they never earned (and certainly don’t deserve.)

Imagine: An entire industry invented out of nothing! And yes, you do have to imagine it because nothing inside the industry is actually real.

What’s “normal” in psychiatry? Being an emotionless zombie

The only way to be “normal” when being observed or “diagnosed” by a psychiatrist — a process that is entirely subjective and completely devoid of anything resembling actual science — is to exhibit absolutely no emotions or behavior whatsoever.

A person in a coma is a “normal” person, according to the DSM, because they don’t exhibit any symptoms that might indicate the presence of those God-awful things called emotions or behavior.

A person in a grave is also “normal” according to psychiatry, mostly because dead people do not qualify for Medicare reimbursement and therefore aren’t worth diagnosing or medicating. (But if Medicare did cover deceased patients, then by God you’d see psychiatrists lining up at all the cemeteries to medicate corpses!)

It’s all a cruel, complete hoax. Psychiatry should be utterly abolished right now and all children being put on mind-altering drugs should be taken off of them and given good nutrition instead.

When the collapse of America comes and the new society rises up out of it, I am going to push hard for the complete abolition of psychiatric “medicine” if you can even call it that. Virtually the entire industry is run by truly mad, power-hungry maniacs who use their power to victimize children (and adults, too). There is NO place in society for distorted psychiatry based on fabricated disorders. The whole operation needs to be shut down, disbanded and outlawed.

The lost notion of normalcy

Here are some simple truths that need to be reasserted when we abolish the quack science industry of psychiatry:

Normalcy is not achieved through medication. Normalcy is not the absence of a range of emotion. Life necessarily involves emotions, experiences and behaviors which, from time to time, step outside the bounds of the mundane. This does not mean people have a “mental disorder.” It only means they are not biological robots.

Nutrition, not medication, is the answer

Nutritional deficiencies, by the way, are the root cause of nearly all “mental illness.” Blood sugar imbalances cause brain malfunctions because the brain runs on blood sugar as its primary energy source. Deficiencies in zinc, selenium, chromium, magnesium and other elements cause blood sugar imbalances that result in seemingly “wild” emotions or behaviors.

Nearly everyone who has been diagnosed with a mental disorder in our modern world is actually suffering from nothing more than nutritional imbalances. Too much processed, poisonous junk food and not enough healthy superfood and nutrition. At times, they also have metals poisoning from taking too many vaccines (aluminum and mercury) or eating too much toxic food (mercury in fish, cadmium, arsenic, etc.) Vitamin D deficiency is ridiculously widespread, especially across the UK and Canada where sunlight is more difficult to achieve on a steady basis.

But the reason nutrition is never highlighted as the solution to mental disorders and illness is because the pharmaceutical industry only makes money selling chemical “treatments” for conditions that are given complicated, technical-sounding names to make them seem more real. If food and nutritional supplements can keep your brain healthy — and believe me, they can! — then who needs high-priced pharmaceuticals? Who needs high-priced psychiatrists? Who needs drug reps? Pill-pushing doctors? And Obamacare’s mandatory health insurance money confiscation programs?

Nobody needs them! This is the simple, self-evident truth of the matter: Our society would be much happier, healthier and more productive tomorrow if the entire pharmaceutical industry and psychiatry industry simply vanished overnight.

With the DSM-5, modern-day psychiatry has made a mockery of itself. What was once viewed as maybe having some basis in science is now widely seen as hilarious quackery.

Psychiatry itself now appears to be completely insane. And that might be the first accurate diagnosis to come out of the entire group.

Invent your own fictitious diseases!

By the way, you can be your own psychiatrist right here, right now! Simply use my handy-dandy Disease Mongering Engine which randomly generates real-sounding mental disorders!

Here’s the link:
http://www.naturalnews.com/disease-mongering-engine.asp

 

 

An Alarming Two Thirds of All Scientific Publications and Research Retracted Found to Be Fraudulent


Written by Andrew Puhanic

Biomedical and life-science research publications retracted because of fraud by countryAN astonishing two-thirds of all biomedical and life-science research publications and research articles that have been retracted from the public domain have been retracted because of fraud.

An article published in the Proceedings of the National Academy of Sciences of the United States of America reviewed more than 2000 scientific articles for reasons why they were retracted from public scrutiny and discovered that 67.4% of retractions were attributed to misconduct, of which includes fraud or suspected fraud (43.4%), duplicate publication (14.2%) and plagiarism (9.8%).

Also, the number of articles retracted from circulation has increased 10 times since 1975.

So what is biomedical and life-science research? According to Wikipedia, Biomedical research (or experimental medicine), is known as medical research, is the basic research, applied research, or translational research conducted to aid and support the body of knowledge in the field of medicine.

Most of the publications were published by authors from more than 55 countries. Of the 2,047 publications analysed, an unprecedented two-thirds of the publications retracted because of fraud or suspected fraud were from the United States, Germany, Japan and China.

The top three publications that had the most retracted entries were:

  • Journal of Science
  • Proceedings of the National Academy of Sciences
  • The Journal of Biological Chemistry

However, the most alarming statistic from this publication is the fact that on average it took more than 32 months for the publications and research articles to be discovered and withdrawn.

Biomedical and life-science research publications Mean time-to-retraction by categoryPublications and research articles retracted because of fraud took an average 46 months to be discovered and withdrawn.

So what’s so alarming about having publications and research articles in circulation for so long before being discovered to be fraudulent? Well, the major problem is that decisions and policy development could be falsely derived from one of these publications, resulting in public policy based on false assumptions.

How many publications and research articles based on global warming and climate change have been and should be retracted because of fraud?

The authors of the article suggest that ‘the surge of retractions suggests a need to re-evaluate the incentives driving this phenomenon’ and presents solutions to resolve the phenomenon such as:

  • Biomedical and life-science research publications time interval between publication and retractionIncreased use of check-lists.
  • Improved training in logic, probability and statistics.
  • Enhanced focus on ethics.
  • The formation of a centralized database of scientific misconduct.
  • The establishment of uniform guidelines for retractions and retraction notices.

At the end of the day, the authors of these fraudulent publications are human, and it should be expected from time to time that mistakes will happen.

However, all of these peer-reviewed publications can exert great influence on decisions and the attitudes of many people, therefore the public should in no way tolerate such an epidemic.

http://www.theglobalistreport.com/publications-research-articles-retracted-fraud/

 

Court Filing Reveals How 2004 Ohio Presidential Election was Hacked: “Unexpected Shift in Votes For George W.”


They’re finally uncovering the evidence proving the Bush crime family stole the 2004 presidential election too and Eric Holder doesn’t have the testicular fortitude to indict anyone, so the murderous-psychopathic-son-of-a-bitch will continue to walk free.

by Bob Fitrakis
Global Research, July 26, 2011
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A new filing in the King Lincoln Bronzeville v. Blackwell case includes a copy of the Ohio Secretary of State election production system configuration that was in use in Ohio’s 2004 presidential election when there was a sudden and unexpected shift in votes for George W. Bush.

The filing also includes the revealing deposition of the late Michael Connell. Connell served as the IT guru for the Bush family and Karl Rove. Connell ran the private IT firm GovTech that created the controversial system that transferred Ohio’s vote count late on election night 2004 to a partisan Republican server site in Chattanooga, Tennessee owned by SmarTech. That is when the vote shift happened, not predicted by the exit polls, that led to Bush’s unexpected victory. Connell died a month and a half after giving this deposition in a suspicious small plane crash.

Additionally, the filing contains the contract signed between then-Ohio Secretary of State J. Kenneth Blackwell and Connell’s company, GovTech Solutions. Also included that contract a graphic architectural map of the Secretary of State’s election night server layout system.

[click images above to enlarge (pdf)]

Cliff Arnebeck, lead attorney in the King Lincoln case, exchanged emails with IT security expert Stephen Spoonamore. Arnebeck asked Spoonamore whether or not SmarTech had the capability to “input data” and thus alter the results of Ohio’s 2004 election. Spoonamore responded: “Yes. They would have had data input capacities. The system might have been set up to log which source generated the data but probably did not.”

Spoonamore explained that “they [SmarTech] have full access and could change things when and if they want.”

Arnebeck specifically asked “Could this be done using whatever bypass techniques Connell developed for the web hosting function.” Spoonamore replied “Yes.”

Spoonamore concluded from the architectural maps of the Ohio 2004 election reporting system that, “SmarTech was a man in the middle. In my opinion they were not designed as a mirror, they were designed specifically to be a man in the middle.”

A “man in the middle” is a deliberate computer hacking setup, which allows a third party to sit in between computer transmissions and illegally alter the data. A mirror site, by contrast, is designed as a backup site in case the main computer configuration fails.

Spoonamore claims that he confronted then-Secretary of State Blackwell at a secretary of state IT conference in Boston where he was giving a seminar in data security. “Blackwell freaked and refused to speak to me when I confronted him about it long before I met you,” he wrote to Arnebeck.

Read the email correspondence here [pdf]

On December 14, 2007, then-Secretary of State Jennifer Brunner, who replaced Blackwell, released her evaluation and validation of election-related equipment, standards and testing (Everest study) which found that touchscreen voting machines were vulnerable to hacking with relative ease.

Until now, the architectural maps and contracts from the Ohio 2004 election were never made public, which may indicate that the entire system was designed for fraud. In a previous sworn affidavit to the court, Spoonamore declared: “The SmarTech system was set up precisely as a King Pin computer used in criminal acts against banking or credit card processes and had the needed level of access to both county tabulators and Secretary of State computers to allow whoever was running SmarTech computers to decide the output of the county tabulators under its control.”

Spoonamore also swore that “…the architecture further confirms how this election was stolen. The computer system and SmarTech had the correct placement, connectivity, and computer experts necessary to change the election in any manner desired by the controllers of the SmarTech computers.”

Project Censored named the outsourcing of Ohio’s 2004 election votes to SmarTech in Chattanooga, Tennessee to a company owned by Republican partisans as one of the most censored stories in the world.

In the Connell deposition, plaintiffs’ attorneys questioned Connell regarding gwb43, a website that was live on election night operating out of the White House and tied directly into SmarTech’s server stacks in Chattanooga, Tennessee which contained Ohio’s 2004 presidential election results.

The transfer of the vote count to SmarTech in Chattanooga, Tennessee remains a mystery. This would have only happened if there was a complete failure of the Ohio computer election system. Connell swore under oath that, “To the best of my knowledge, it was not a fail-over case scenario – or it was not a failover situation.”

Bob Magnan, a state IT specialist for the secretary of state during the 2004 election, agreed that there was no failover scenario. Magnan said he was unexpectedly sent home at 9 p.m. on election night and private contractors ran the system for Blackwell.

The architectural maps, contracts, and Spoonamore emails, along with the history of Connell’s partisan activities, shed new light on how easy it was to hack the 2004 Ohio presidential election.

Bob Fitrakis is a frequent contributor to Global Research.  Global Research Articles by Bob Fitrakis

“The Wisconsin Lie Exposed – Taxpayers Actually Contribute Nothing To Public Employee Pensions”


The lies that are going on here are monumental, the elite have successfully pitted the middle class against each other and are laughing all the way to the bank. This is not about budget deficits, this is about breaking the unions and driving wages down so low, making jobs so scarce until we’re down on our knees begging for that $3hr, 80 hr work week job that has no benefits and no job security. And some states are trying to abolish child labor laws so your 9yr old can drop out of school to help pappy pay the rent and put slop on the table.That’s exactly where corporate privatization and Gov. Snott Walker are leading us, and other Republi-CON states are following suite. What were the Tea Party / Republi-CON’s thinking? They opened the barn door and let the wolf right in…

Posted By: hobie [Send E-Mail]
Date: Wednesday, 2-Mar-2011 16:31:10

(Thanks, MK. 🙂

Reader MK writes and sends us:

=====

Dear Hobie,

I hope that you will put this information up as it is about time that somebody told the truth. David Cay Johnston’s books are being used in business schools to explain tax policy. His latest one: Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You With the Bill) is a must read for those that think that they know what “wealth transfer” means.

According to Johnston’s other book, Perfectly Legal,(another must read), wealth has been transferred in huge amounts from the poor and middle class to the uber-rich. Yet too many Americans keep supporting stupid policy. They do so because they don’t really understand taxation, tax policy and the “income basis” for most really rich people. Until they do, they will be victimized.

UNIONS AREN’T THE PROBLEM–THOSE THAT WANT GOVERNMENT AND BUSINESS TO BE ONE AND THE SAME (i.e. fascists) ARE.

MK

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The Wisconsin Lie Exposed – Taxpayers Actually Contribute Nothing To Public Employee Pensions
by Rick Ungar

http://blogs.forbes.com/rickungar/2011/02/25/the-wisconsin-lie-exposed-taxpayers-actually-contribute-nothing-to-public-employee-pensions/

Pulitzer Prize winning tax reporter, David Cay Johnston, has written a brilliant piece for tax.com exposing the truth about who really pays for the pension and benefits for public employees in Wisconsin.

Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to “contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers. They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers.


Via tax.com


How can this be possible?


Simple. The pension plan is the direct result of deferred compensation- money that employees would have been paid as cash salary but choose, instead, to have placed in the state operated pension fund where the money can be professionally invested (at a lower cost of management) for the future.

[snip to end]

—–

Full article:

http://blogs.forbes.com/rickungar/2011/02/25/the-wisconsin-lie-exposed-taxpayers-actually-contribute-nothing-to-public-employee-pensions/