McConnell claims that the Obama and Vanguard investees including Serco, UTC, Boeing, Honeywell, Service Corp International and Correction Corp of America, used Jamie ‘The Wall’ Gorelick’s Red Switch communications to pre-position triage teams, trigger bombs, disrupt first responders, vaporize evidence and expedite removal and cremation of whistleblowers’ body bits.
Prequel 1: #2021: Marine Links Obama Short-Seller Traded Fund to Serco Suffocation by Uninterruptible Autopilot
Prequel 2: Vanguard UTC!
UNITED TECHNOLOGIES CORPORATION
McConnell invites armchair Sherlocks to identify the funding authority behind the Serco Red Switch trigger signals which appear to have converted a fire on the WTC 7 floors occupied by the U.S. Securities and Exchange Commission to a controlled demolition where the steel box columns surrounding the UTC-Otis elevator shafts were vaporized during a free-fall demolition.
Building 7's collapse, which occurred at 5:20 PM, is not thought to have killed anyone. According to the government's vague and inconclusive report, fires caused Building 7 to collapse. Yet, excepting 9/11/01, there has never been a case of fires, no matter how severe, causing the collapse of a steel-framed high-rise building. Why wasn't this inexplicable incident a major news story?
Building 7 occupied a block to the north of the World Trade Center Plaza. Its 23rd floor held Mayor Giuliani's Emergency Command Center. This floor had bullet-and bomb-resistant windows, an independent air and water supply, and an unobstructed view of the north faces of both towers.[1][2]
The other government agencies with offices in the building were the IRS, the EEOC, the US Secret Service, the SEC, and the CIA.
The private tenants were Salomon Smith Barney, American Express Bank International, Standard Chartered Bank, Provident Financial Management, ITT Hartford Insurance Group, First State Management Group, Inc., Federal Home Loan Bank, and NAIC Securities.
Large numbers of case files for ongoing investigations by the Securities and Exchange Commission (SEC) and the Equal Employment Opportunity Commission (EEOC) were reportedly destroyed in the collapse. The Los Angeles Times reported that "substantial files were destroyed" for 3000 to 4000 of the SEC's cases [which would otherwise, allegedly, exposed Obama leveraged ETF frauds on Vanguard investee companies]. The EEOC reported that documents for 45 active cases were destroyed. [3] Before the attack, SEC investigations of corporate fraud by companies such as Enron and Worldcom were the subject of many news reports -- reports that virtually vanished in the wake of the attack.”
“YOUNG OBAMA, [SERCO SCRIPT KIDDIE] WALL STREET OUTSOURCING SPECIALIST
by CHARLES C. JOHNSON 19 Jul 2012 129 POST A COMMENT While Barack Obama is keen to attack Mitt Romney for “outsourcing,” he ignores that his first job, at Business International Corporation (BIC), actually advised American firms on how best to outsource. Not only did Obama work for BIC, he actively seems to have chosen it. In fact, he worked for one of “the first research firms designed to provide information services for multinational firms,” wrote David Remnick in his sympathetic biography, The Bridge (p. 118).
“Obama was a researcher and writer for a reference service called Financing Foreign Operations,” Janny Scott for the New York Times reported in 2007. “He also wrote a newsletter, Business International Money Report.” The reports were written for senior management in large corporations and had titles like “Investing, Licensing, and Trading Conditions Abroad,” Beth Noymer Levine, a colleague, told NPR in July 9, 2008. It was, in other words, a report for corporations on how to invest and expand abroad--which is exactly what outsourcing is.
Remnick elaborates:
Obama worked in the financial-services division, interviewing business experts, researching trends in foreign exchange, following market developments. He also edited a reference guide on overseas markets…He wrote about currency swaps and leverage leases. (The currency swaps and derivatives that Obama covered for Business International Money Report were components of the financial engineering that led to the crash of 2008). Obama also helped write financial reports on Mexico and Brazil. (188)
Obama argued in 2008 that his role as a “financial analyst” for a year in 1985 made him able to deal with the economic downturn plaguing the nation. He was no financial genius, but he marketed himself as one anyway. In his “Born in Kenya” book proposal, Obama was listed as a “financial journalist and editor.” That was just one of many times Obama puffed up his Wall Street resume, according to Dan Armstrong, a colleague at BIC who savaged Obama’s account on his blog, analyzethis.net: “All of Barack’s embellishment serves a larger narrative purpose: to retell the story of the Christ’s temptation. The young, idealistic, would-be community organizer gets a nice suit, joins a consulting house, starts hanging out with investment bankers, and barely escapes moving into the big mansion with the white folk.” Suffice it say, Obama did not have a secretary or wear a suit or speak with Japanese or German bankers and financiers as he claimed in Dreams from My Father, his first memoir.
BIC was a “sweatshop,” as one colleague recalls, where office drones banged away on WANG computers and smoked cigarettes. Obama didn’t like the job. He told his mother that it was “working for the enemy” and wrote that his brief foray into business was like a “spy” “working behind enemy lines.” He especially disliked it because “some of the reports are written for commercial firms that want to invest in those countries,” his mother wrote to her boss. In so arguing, Obama echoed the view of Marxist “dependency theory,” an economic illiteracy which holds that Third World countries are impoverished by Western imperialists who steal their wealth. The theory was fashionable at the time, especially in left-wing circles and particularly at Columbia and Occidental Colleges. At Oxy, Obama’s professor for Political Science 94, a foreign policy course, was Alan Egan, who argued that America was trying to “de-industrialize” his native Argentina. At Columbia, he took a seminar with Michael Baron, which studied in part foreign aid and the capital flows between first and third worlds. Obama seems to have imbibed this view, writing in Dreams: “I instructed my mother on the various ways that foreign donors and international development organizations like the one she was working for [the Ford Foundation] bred dependence in the Third World.”
Yet BIC was hardly the western imperialist that Obama portrayed it as in Dreams. In 1983, its “call for action” encouraged multinationals to push for lower corporate taxes in countries in which they operated and to reduce weapons spending to promote “peace through greater global understanding and economic integration.” Its chairman, Orville L. Freedman, a former secretary of agriculture under Kennedy and Johnson, wrote of “How starvation can be eliminated” for the Christian Science Monitor in February 23, 1982. "[BIC’s owners] were boosters for multinationals and they thought globalism was the way we should be going,” said Susan Arterian Chang, another colleague from BIC. Good or bad, Obama, as president, has now made it more tempting for American business to go overseas. He is, once again, helping big companies outsource [to Red Switch Serco for racketeering ETF].”
“John C. Bogle, founder of the Vanguard Group, a leading issuer of index mutual funds (and, since Bogle's retirement, of ETFs), has argued that ETFs represent short-term speculation, that their trading expenses decrease returns to investors, and that most ETFs provide insufficient diversification. He concedes that a broadly diversified ETF that is held over time can be a good investment.[66]
ETFs are dependent on the efficacy of the arbitrage mechanism in order for their share price to track net asset value. While the average deviation between the daily closing price and the daily NAV of ETFs that track domestic indices is generally less than 2%, the deviations may be more significant for ETFs that track certain foreign indices.[7] The Wall Street Journal reported in November 2008, during a period of market turbulence, that some lightly traded ETFs frequently had deviations of 5% or more, exceeding 10% in a handful of cases, although even for these niche ETFs, the average deviation was only a little more than 1%. The trades with the greatest deviations tended to be made immediately after the market opened.[67]
According to a study on ETF returns in 2009 by Morgan Stanley, ETFs missed in 2009 their targets by an average of 1.25 percentage points, a gap more than twice as wide as the 0.52-percentage-point average they posted in 2008.[68] Part of this so-called tracking error is attributed to the proliferation of ETFs targeting exotic investments or areas where trading is less frequent, such as emerging-market stocks, future-contracts based commodity indices and junk bonds.[citation needed]
The tax advantages of ETFs are of no relevance for investors using tax-deferred accounts (or indeed, investors who are tax-exempt in the first place).[69] However, the lower expense ratios are proving difficult for the proponents of traditional mutual funds to overcome.
In a survey of investment professionals, the most frequently cited disadvantage of ETFs was the unknown, untested indices used by many ETFs, followed by the overwhelming number of choices.[4]
Some critics claim that ETFs can be, and have been, used to manipulate market prices, including having been used for short selling that has been asserted by some observers (including Jim Cramer of the Street.com) to have contributed to the market collapse of 2008.”
Yours sincerely,
Field McConnell, United States Naval Academy, 1971; Forensic Economist; 30 year airline and 22 year military pilot; 23,000 hours of safety; Tel: 715 307 8222
David Hawkins Tel: 604 542-0891 Forensic Economist; former leader of oil-well blow-out teams; now sponsors Grand Juries in CSI Crime and Safety Investigation
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