Today's action added some refinement to the daily SP 500 futures chart.
How this formation resolves, up or down, may depend on what happens in the next few days with regard to Europe and the Fed as you might expect.
"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself.
For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist.”
Marcus Tullius Cicero
"Corporations have neither bodies to be punished, nor souls to be condemned, they therefore do as they like."
Edward Thurlow, Attorney General and Lord Chancellor of England
"Every thing secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity."Corporations are but the artificial constructions of men, often designed to eliminate individual risk and accountability. When things go wrong, no one seems to know what happened. Money just vaporizes away. When recklessness leads to horrific accidents such as Bhopal, the corporation retreats into the aether of words and corporate laws, often held in disinterested foreign hands.
John Dalberg Lord Acton
Secret State
By Golem XIV
June 19, 2012
"...We are all now sadly familiar with the role of Off-shore tax havens. They allow companies to avoid having to pay tax. They also allow companies to hide any dealings they may not want scrutinized by prying regulatory authorities. Tax havens are, as Nicholas Shaxson in his wonderful book Treasure Islands has suggested, better thought of as ‘secrecy jurisdictions’. They are purpose built for shrouding in impenetrable and legally protected secrecy any morally dubious financial arrangements which might be embarrassing or costly if revealed to regulators or governments. The world of Off-shore provides a legal and moral nul-space in where most things can be arranged for a price.
But that nul-space is growing and more than simply growing it is maturing.
Recently Off-shore havens have added to financial secrecy another valuable service – data and communications secrecy. There are now companies based in off-shore havens which offer to protect emails and data caches from prying regulatory or legal scrutiny...
Suddenly not only is it possible for corporate finances to be moved beyond the reach of national oversight and regulation, but now corporate emails and other data can also be removed from national democratic and legal oversight. Corporation can now operate within any nation, making their profits there. but without the elected government, the tax officials, financial regulators, courts or police having any power to see what the corporation is doing. The police could not force the disclosure of emails because those emails would not be under UK jurisdiction. It would be entirely possible for a company to be breaking the law, exactly as News International did, but now most if not all (depending on how careful they were) the evidence required to bring their illegal activities to light, would be beyond the reach of any authority in this country...
I look at it and think to myself – so now we have vast financial power shielded from any national, democratic regulation or legal oversight. We have data similarly hidden away from the pesky prying eyes of civilian democratic and legal accountability and we now also have the parts of the global military that routinely operate outside of democratic oversight and who regularly break the most fundamental national and international laws, being organized to operate together under an aspiring supra-national command...
In the week of May 21st of this year in Tampa Florida, Special Operations Forces from 90 countries got together at a Special Forces Convention. You can see a video of what they got up to here.
The purpose of convention, which is a regular thing now, is (from their web site):
The International Conference objective will be that U.S. and International SOF leaders recognize USSOCOM as a Global Command and gain a better understanding on how to become active partners in that partnership.Who is USSOCOM? It is the umbrella US military command for all US Special forces. So here we have a programme the purpose of which is to integrate the operations and even the command structure with the US at the top, for the Special Forces of 90 nations. Is this anything to be concerned about? Well on one level, if you have Special forces why not have them work together well? Seems sensible. Except that Special Forces are by design the part of any nation’s armed forces which operate routinely and as a matter of course, outside of the law and beyond democratic oversight...
What this this and other documents now clearly indicate is that through this command and others the US can now commit troops to hostile actions without the Congress having to give its consent or even be informed. Now of course we all know this happens. SO what is new. In a sense nothing. In another sense it clearly shows how our governments, or at least elements within them, are keen to follow global finance’s lead in being able to operate outside of democratic oversight, outside its own laws and outside of any democratic accountability. This I think is, if not a new desire, a new maturation of the capability.
There is a clear disdain for democracy being voiced among those who run and own global finance, who make up the supra-national world of the IMF, the WTO and other non-national, non-democratic global technocratic bodies. We all know what disdain the global financial and media companies have for the laws which ‘regulate them’. We know how far outside their own laws and international law our governments have gone in rendition and torture of civilians.
It seems to me you don’t have to subscribe to any conspiracy theory to find this enough to worry about.
Read the entire article here.